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Kent County Today

Wednesday, November 6, 2024

Rising home prices in Bishops Corner in the second half of 2020

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The median sale price of a home sold in the second half of 2020 in Bishops Corner rose by $86,950 while total sales increased by 100%, according to BlockShopper.com.

From July through December of 2020, there were four homes sold, with a median sale price of $289,450 - a 42.9% increase over the $202,500 median sale price for the same period of the previous year. There were two homes sold in Bishops Corner in the second half of 2019.

The median sales tax in Bishops Corner for the most recent year with available data, 2015, was $901, approximately 0.3% of the median home sale price for the second half of 2020.

The following table compares Bishops Corner to other Kent County cities with similar median sale prices in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Eagles Nest12850%$305,000$246,50023.7%
Dogwood Meadows63100%$301,995$323,653-6.7%
Brookfield42100%$300,500$293,0002.6%
Ryans Run7475%$296,000$216,37536.8%
Garrison Lake Green712-41.7%$293,000$311,000-5.8%
Bishops Corner42100%$289,450$202,50042.9%
Riverview1927-29.6%$289,000$210,00037.6%
Hunters Ridge51400%$288,500$210,00037.4%
Lakeshore Village42100%$288,000$229,527.5025.5%
Hall Estates62200%$285,450$153,75085.7%
Lucky Estates72250%$285,000$75,950275.2%

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