$5.8M  
The 19971 zip code market was very busy in this week's report, as the number of home sales shot up 51.7%, pushing the total to 44 homes sold over the last 30 days. In comparison, the nearby 19958 zip code had 43 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 19971 zip code, and the median sales price this period increased from $440,000 to $445,000. The 19971 zip code is still a definite buyer's market, due to the availability of 12 months of remaining inventory, even after the uptick in sales.
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The population of the 19971 zip code is ranked 26th in terms of wealth in Delaware with a median income of $60,906 per household. It's also considered a very expensive zip code in terms of affordability with a cost of living adjustment score of 145.3. Homes in the 19971 zip code are of moderate age with a median age of 25 years. Topping the list of best schools in the zip code is Rehoboth Elementary School.
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$5.8M  
Over the last 30 days, the 19971 zip code market looked very active with 20 homes sold, a 25.0% increase from last week's report. At the same time, the 19963 zip code reported 21 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $454,954, down from last week's $520,000. The 19971 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of 25 months of remaining inventory.
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$4.5M  
The 19971 zip code market looked healthy in this week's report, as the number of home sales climbed 22.2%, pushing the total to 11 homes sold over the last 30 days. To put it in perspective, the close-by 19963 zip code registered 13 homes sold in the same period, the most of all surrounding zip codes. The median sales price continued to rise, trending upwards for four weeks to reach $490,000. The 19971 zip code is still a solid buyer's market, in spite of the rise in prices, thanks to the availability of 44 months of remaining inventory.
Comments:

$249K  
Despite a 12.5% increase in sales numbers this week to reach nine homes sold over the last 30 days, the 19971 zip code market still shows an identifiable trend downward overall. Prices are falling in the 19971 zip code, and this period the median price of all sales fell from $572,450 to $383,000. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning the 19971 zip code is still a solid buyer's market.
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$349K  
Over the last 30 days, sales in the 19971 zip code market fell to seven. However, the number of pending transactions continued to improve, reaching a total of 13 during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price climbed to $604,900 over the latest reporting period for the 19971 zip code, up from $540,000. With decreasing sales and the availability of nine months of inventory, the 19971 zip code is a strong buyer's market.
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$869K  
Over the last 30 days, the 19971 zip code market showed positive signs with nine homes sold, a 12.5% increase from last week's report. To put it in perspective, the close-by 19963 zip code registered 34 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose to $540,000, up from last week's $495,000. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning the 19971 zip code is still a definite buyer's market.
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$185K  
Sales have fallen to eight homes sold over the last 30 days in the 19971 zip code market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to 10 for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price climbed to $495,000 over the latest reporting period for the 19971 zip code, up from $450,000. Along with the slip in sales, a relatively high 10 months of inventory indicates that the 19971 zip code is a definite buyer's market.
Comments:

19971 is a larger than average zip code in Delaware with a population of 12,797 residents. Also, it has an average density with 689.5 people per square mile. Keep in mind, 32.5% of the homes in the 19971 zip code are owned, while 7.9% are rented. The top school in the zip code is Rehoboth Elementary School.
Comments:

$1.4M  
The 19971 zip code market slowed with an 18.2% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (8.1) with nine homes sold. In comparison, the nearby 19963 zip code had 28 sales in the same time frame, the most of all neighboring zip codes. The median sales price jumped to $450,000 over the latest reporting period for the 19971 zip code, up from $340,000. The 19971 zip code is a solid buyer's market, due to a big nine months of inventory left and aided by the dip in sales.
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