Question 1

What is the median sold price in Derwent?

Accepted Answer

The median sold price in Derwent is $97,250 based on 6 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Derwent?

Accepted Answer

The average sold price in Derwent is $97,417. Note that the average ($97,417) is higher than the median ($97,250), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Derwent?

Accepted Answer

Home prices in Derwent range from $60,000 to $120,000 based on recent sales data. This $60,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Derwent selling above or below asking price?

Accepted Answer

On average, homes in Derwent are selling at 82.9% of their asking price. This means buyers have significant negotiating power, with homes selling well below asking price. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Derwent?

Accepted Answer

Homes in Derwent are selling in an average of 85 days. This indicates a buyer's market with more negotiating power for purchasers. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Derwent?

Accepted Answer

The average price per square foot in Derwent is $105. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $210,000.

Question 7

How active is the real estate market in Derwent?

Accepted Answer

The Derwent market has seen 6 home sales over the past 2 years, with 4 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How much do detached homes cost in Derwent?

Accepted Answer

Detached homes in Derwent are selling for an average of $97,417, with 6 sales over the past 2 years.

Question 9

Are home prices rising or falling in Derwent?

Accepted Answer

Home prices in Derwent have decreased by 4.8% over the past 2 years. The average sold price moved from $94,500 to $90,000. The relatively stable prices suggest a balanced market.

Question 10

Is Derwent a buyer's or seller's market?

Accepted Answer

Based on current data, Derwent is a buyer's market. Homes are selling in 85 days on average and at 82.9% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 11

What percentage of homes sell above asking price in Derwent?

Accepted Answer

In Derwent, 0% of homes sold above asking price, while 100% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 12

What size homes are selling in Derwent?

Accepted Answer

Homes selling in Derwent range from 758 to 1,130 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 13

How much do home prices vary in Derwent?

Accepted Answer

Derwent shows relatively consistent pricing with a standard deviation of $20,372 around the average price of $97,417. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 14

Where can I find recently sold homes in Derwent?

Accepted Answer

You can view a comprehensive list of houses sold in Derwent right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 15

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 16

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Derwent.

Houses Sold in Derwent — See What Buyers Paid

Derwent Sold Data Overview

Recently Sold in Derwent

Derwent Market Insights

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

Derwent Neighbourhoods

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