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Sunday, February 23, 2025

Banks Acres home prices rise in July 2018

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The median sale price of a home sold in July 2018 in Banks Acres rose by $153,450 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

In July 2018, there were two homes sold, with a median sale price of $217,000 - a 241.5% increase over the $63,550 median sale price for the same period of the previous year. There were two homes sold in Banks Acres in July 2017, as well.

The following table compares Banks Acres to other Sussex County cities with similar median sales prices in July 2018:

CityJuly 2018 Home SalesJuly 2017 Home Sales% change (Total Home Sales)July 2018 Median Sales PriceJuly 2017 Median Sales Price% change (Median Sales Price)
Oak Orchard10-$240,000$0-
Shady Ridge12-50%$233,000$342,500-32%
Red Mill Farms10-$225,000$0-
Slaughter Beach12-50%$225,000$150,00050%
Midway Estates23-33.3%$222,500$180,00023.6%
Banks Acres220%$217,000$63,550241.5%
Delmar83166.7%$211,777.50$107,50097%
Millsboro12-50%$205,000$178,25015%
Milford154275%$202,000$166,45021.4%
North Shores13-66.7%$200,000$1,100,000-81.8%
Dagsboro20-$195,000$0-

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