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Friday, December 27, 2024

Cheswold home prices fall in the second half of 2019

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The median sale price of a home sold in the second half of 2019 in Cheswold fell by $120,000 while total sales increased by 40%, according to BlockShopper.com.

From July through December of 2019, there were seven homes sold, with a median sale price of $135,000 - a 47.1% decrease over the $255,000 median sale price for the same period of the previous year. There were five homes sold in Cheswold in the second half of 2018.

The median sales tax in Cheswold for the most recent year with available data, 2015, was $9, approximately 0% of the median home sale price for the second half of 2019.

The following table compares Cheswold to other Kent County cities with similar median sales prices in the second half of 2019:

CityJuly - Dec. 2019 Home SalesJuly - Dec. 2018 Home Sales% change (Total Home Sales)July - Dec. 2019 Median Sales PriceJuly - Dec. 2018 Median Sales Price% change (Median Sales Price)
Harrington916344.4%$155,000$172,000-9.9%
Hall Estates220%$153,750$200,500-23.3%
Pine Ridge42100%$152,450$127,562.5019.5%
Summerfield Village20-$152,000$0-
Rodney Village1720-15%$144,000$118,75021.3%
Cheswold7540%$135,000$255,000-47.1%
Star Hill Village440%$127,581.50$52,750141.9%
Bush Manor31200%$124,000$81,50052.1%
Leipsic15-80%$99,900$55,00081.6%
Voshell Cove330%$91,750$174,900-47.5%
Capitol Park9812.5%$89,000$51,50072.8%

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