The median sales price for a single-family home in New Castle County during July was $347,500. That's an increase of 15.8% compared with July 2020, according to data from Realtor.com.
The number of houses sold rose by 10.7% from a year earlier. A total of 567 houses were sold countywide in July. During the same period a year earlier, 512 single-family homes were sold.
Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.
Condominiums and town homes sold in July had a median sales price of $198,000. That figure represents a 7.7% increase year-over-year. In New Castle County, 195 were sold, up 9.6% from a year earlier.
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Information on your local housing markets is available through the USA TODAY Network, with more data from Realtor.com.
The top 10% of the properties sold had prices of at least $532,932, up 16.9% from a year before.
In July, eight properties sold for $1 million or more: eight single-family homes.
The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
This article originally appeared on Delaware News Journal: New Castle County's average home sold for higher price than last year