Frederica home prices fall in October 2020

Medium realestate5

The median sale price of a home sold in October 2020 in Frederica fell by $196,500 while total sales decreased by 80%, according to

In October 2020, there were two homes sold, with a median sale price of $56,000 - a 77.8% decrease over the $252,500 median sale price for the same period of the previous year. There were 10 homes sold in Frederica in October 2019.

The median sales tax in Frederica for the most recent year with available data, 2015, was $12, approximately 0% of the median home sale price for October 2020.

The following table compares Frederica to other Kent County cities with similar median sales prices in October 2020:

CityOct. 2020 Home SalesOct. 2019 Home Sales% change (Total Home Sales)Oct. 2020 Median Sales PriceOct. 2019 Median Sales Price% change (Median Sales Price)
John Char Estates20-$169,750$0-
Bush Manor110%$160,000$124,00029%
South Bowers31200%$157,000$475,000-66.9%
Little Creek20-$150,900$0-
Pine Ridge110%$132,000$180,000-26.7%
Smyrna Landing10-$38,000$0-
Capitol Park25-60%$16,500$89,000-81.5%

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