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Kent County Today

Wednesday, November 6, 2024

Spruance City home prices rise in the third quarter of 2020

Realestate1

The median sale price of a home sold in the third quarter of 2020 in Spruance City rose by $32,450 while total sales decreased by 30%, according to BlockShopper.com.

From July through September of 2020, there were seven homes sold, with a median sale price of $217,400 - a 17.5% increase over the $184,950 median sale price for the same period of the previous year. There were 10 homes sold in Spruance City in the third quarter of 2019.

The median sales tax in Spruance City for the most recent year with available data, 2015, was $674, approximately 0.3% of the median home sale price for the third quarter of 2020.

The following table compares Spruance City to other Kent County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Bush Manor110%$229,900$96,450138.4%
Smyrna1141121.8%$225,500$239,500-5.8%
Hudson Trails660%$223,500$189,45018%
Carlisle Village110%$221,000$100,000121%
Marydel24-50%$220,000$186,25018.1%
Spruance City710-30%$217,400$184,95017.5%
Wyoming14140%$217,375$174,00024.9%
Milford262218.2%$215,750$207,5004%
Moores Lake Development34-25%$215,000$310,000-30.6%
Cheswold440%$212,500$134,635.5057.8%
Dover2142063.9%$209,000$188,25011%

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