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Sunday, February 23, 2025

Edgemoor home prices fall in August 2017

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The median sale price of a home sold in August 2017 in Edgemoor fell by $74,250 while total sales decreased by 62.5%, according to BlockShopper.com.

In August 2017, there were three homes sold, with a median sale price of $75,000 - a 49.7% decrease over the $149,250 median sale price for the same period of the previous year. There were eight homes sold in Edgemoor in August 2016.

The median sales tax in Edgemoor for the most recent year with available data, 2015, was $1,233, approximately 1.6% of the median home sale price for August 2017.

The following table compares Edgemoor to other New Castle County cities with similar median sales prices in August 2017:

CityAug. 2017 Home SalesAug. 2016 Home Sales% change (Total Home Sales)Aug. 2017 Median Sales PriceAug. 2016 Median Sales Price% change (Median Sales Price)
Manor Park110%$95,000$175,000-45.7%
Elsmere911-18.2%$94,000$100,000-6%
Brookland Terrace110%$92,500$75,00023.3%
Dunlinden Acres10-$92,000$0-
Riveredge Park10-$76,000$0-
Edgemoor38-62.5%$75,000$149,250-49.7%
Newport110%$72,000$180,000-60%
Timber Ridge12-50%$70,000$155,450-55%
Cavaliers Country Club Apartments10-$69,000$0-
Wilmington6289-30.3%$51,000$115,000-55.7%
Dunleith14-75%$45,000$67,161-33%

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