Chesapeake City
Real Estate
Looking for a home? DE home prices are on the rise – see the current median price here
Looking for a new home. The number of new homes listed is on the rise in Delaware. In Kent County, 198 new homes were listed; in Sussex County, 460 new homes; and in New Castle County, 412 new homes. Kent County real estate listings. Listings in Kent County moved steadily,...
Newark moves forward another tax impacting University of Delaware, through rentals
Newark's next tax proposal lands on rentals. The council passed a resolution 6-to-1, appealing to the state Legislature to amend Newark's charter to give the city the authority to tax lease revenues, despite hours of comment largely against the proposal. This pattern follows a February move to seek a "per-student tax" to be...
Newark seeking to levy new tax on landlords' rental income
The City of Newark is proposing a tax on gross rental receipts, part of an ongoing effort to diversify the city’s revenue and reduce the need for property tax increases. “Landlords have undeniably made millions from the student boom,” Councilwoman Corinth Ford said, noting that many student-focused apartments rent for upward of $3,000 or $4,000 per month. “We have raised and raised taxes on our permanent residents over the last two years. They’re always the one’s hit. We’ve said on council that we want to...
Delaware homes sold for lower prices recently and we have the data: See how much here
Newly released data for November shows that potential buyers and sellers in Delaware saw houses sell for lower than the previous month's median sale price. In New Castle County houses sold for a median of $304,000, while homes in Kent County sold for a median sale price of $327,000. In Sussex County saw houses sell for lower than the previous month's median sale price of $470,000.
Six most expensive homes sold in Salem County, Feb. 12-18
A house in Pennsville that sold for $295,000 tops the list of the most expensive residential real estate sales in Salem County in the past week. In total, six residential real estate sales were recorded in the area during the past week, with an average price of $177,333, $121 per square foot.
Proposed Barksdale Road housing development prompts concern about traffic
A board in Cecil County, Md., is set to vote next week on a large development project on Barksdale Road that officials here in Newark fear will negatively impact traffic in the city. “It’s going to create a big problem for District 1 and for the city, in terms of traffic,” said Councilman John Suchanec, who represents the area of Newark that surrounds Barksdale Road. “The people in District 1 that live along Valley Road are already very vocal about this thing, but it’s bigger...
Newark: inclusionary zoning could boost affordable housing
Johanna Voynak knows from first hand experience the pitfalls faced because of a lack of affordable housing. She has been in temporary housing since last September after a flood caused a sewage backup in her Newark rental apartment. The sewage backup was due to the property not being properly maintained...
Newark: inclusionary zoning could boost affordable housing
Johanna Voynak knows from first hand experience the pitfalls faced because of a lack of affordable housing. She has been in temporary housing since last September after a flood caused a sewage backup in her Newark rental apartment. The sewage backup was due to the property not being properly maintained by the owner, and resulting mold from the flood was ... Read More
Delaware home listings on the rise — see the current median price here
Median home prices in New Castle and Kent counties are on the rise. The median home in New Castle County listed for $409,978 in January, up 2.5% from the previous month's $400,000, while the Kent County median listed for $412,250 in January, up 0.7% from the previous month's $409,250, an analysis of data...
Nine most expensive homes sold in Salem County, Jan. 29 - Feb. 4
A house in Pennsville that sold for $350,000 tops the list of the most expensive residential real estate sales in Salem County in the past week. In total, nine residential real estate sales were recorded in the area during the past week, with an average price of $209,311. The average price per square foot was $150.
What were the home prices in New Castle, Kent and Sussex counties? We have the latest data
Home prices are dropping in Delaware. The median home in New Castle County listed for $400,000 in December, down 4.6% from the previous month's $419,175. In Sussex County the median listing is $539,700, down 1.9% from the previous month's $549,945. The Kent County median is $409,250, down 1.4% from the previous month's $415,000. All of the data was gathered from an analysis of data from Realtor.com shows.
The big residential projects that will reshape Delaware in 2024 and beyond
If you drive through the lands south of the canal in New Castle County, you could be persuaded to believe that the entire state of Delaware is for rent, for sale or under construction. The Middletown area's housing explosion — and the attendant retail and grocery and restaurant development needed to feed and clothe such a large influx — continues to be one of the biggest single developments that's changing the landscape of Delaware. ...
What is the median home price in your county? Here is the recent data
Sussex County had the highest median home listed in November. The median home in Sussex County was listed for $549,945. Compared with November 2022, the median home list price decreased 0.5% from $550,500. Around 450 homes were newly listed on the market in November, a 27.8% increase from 352 new listings in November 2022.
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