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Kent County Today

Tuesday, November 5, 2024

South Bowers median home prices fell by 36.7% in the fourth quarter of 2020

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The median sale price of a home sold in the fourth quarter of 2020 in South Bowers fell by $91,000 while total sales decreased by 40%, according to BlockShopper.com.

From October through December of 2020, there were three homes sold, with a median sale price of $157,000 - a 36.7% decrease over the $248,000 median sale price for the same period of the previous year. There were five homes sold in South Bowers in the fourth quarter of 2019.

The median sales tax in South Bowers for the most recent year with available data, 2015, was $347, approximately 0.2% of the median home sale price for the fourth quarter of 2020.

The following table compares South Bowers to other Kent County cities with similar median sale prices in the fourth quarter of 2020:

CityOct. - Dec. 2020 Home SalesOct. - Dec. 2019 Home Sales% change (Total Home Sales)Oct. - Dec. 2020 Median Sales PriceOct. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Cheswold23-33.3%$179,950.50$222,732-19.2%
Little Creek31200%$179,900$75,000139.9%
Kent Acres12119.1%$172,000$170,0001.2%
Star Hill20-$160,200$0-
Bush Manor12-50%$160,000$199,500-19.8%
South Bowers35-40%$157,000$248,000-36.7%
Rodney Village59-44.4%$152,000$115,14832%
Pine Ridge14-75%$132,000$152,450-13.4%
Woodland Beach10-$124,000$0-
Hartly151225%$120,001$202,500-40.7%
Lucky Estates12-50%$44,900$75,950-40.9%

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