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New Castle

New Castle

Located in New Castle County

$346,427 Average Value
$210 Average Price per Sq Ft
69 Homes For Sale

Nestled along the banks of the Delaware River, New Castle is a small city with a historic downtown district and a few residential subdivisions and industrial parks around it.

Outside the old city center, New Castle’s residents live in suburban subdivisions filled with homes built in the 1950s and later. According to data on Homesnap.com, the median home sales price as of March 2023 was $241,000, while the median list price was $428,000. If you can afford a property up to $300,000, you can buy a midcentury Ranch-style home, brick Cape Cods or contemporary Colonial Revival with a driveway or attached garage. If you have an even bigger budget, you could find a stately mansion or well-kept historical residence with a relatively low tax burden.

"The senators and former governors who live here build 5,000 square-foot homes," says Chris Cashman, a Realtor with Patterson Schwartz Real Estate and a historic district resident. “It’s great for people looking to escape the high taxes of the northeast.”

Like other schools in the Colonial School District, Carrie Downie Elementary and New Castle Elementary are known for their team-driven teaching approach, called "the Power of We." Teachers structure their lessons through a non-hierarchical system to provide students with innovative learning pathways, access and opportunity.

Residents in the eastern part of the neighborhood tow their kids to play at Rogers Manor Park, an open green space with a playground and athletic facilities largely hidden by a screen of woods around it. The downtown area is also famous for outdoor recreation because of its proximity to the water. At New Castle Battery Park, you can cast a line on the pier or enjoy lunch while appreciating waterfront views. From the park, a secluded trail parallels the river down to Deemers Beach, a rocky strip along the water popular among anglers. "It's great for cycling," Cashman says. "You don't have to cycle on the road and there are lots of areas in the south where it's less populated."

Settlers founded New Castle in 1651 and later made it the capital of the Delaware colony about a decade later. The area’s history is celebrated in various ways. At Jessop's Tavern, servers wearing tri-corner hats and other colonial garb bring out dishes on large paddle-style serving boards. In June, the city celebrates Separation Day with parades, festival events and a fireworks show to recognize when Delaware split from Pennsylvania to declare independence from the British.

Wilmington is about six miles upriver, so New Castle residents are a short drive from restaurants, businesses and civic institutions in the state’s largest city. In addition to being the main road leading to the metropolitan hub, US Route 13 is where many of the area’s residents visit supermarkets and big box stores or dine at local restaurants and national franchises. The New Castle Farmers Market is a highway landmark. Its large warehouse and parking lot bazaar are filled on the weekends with vendors selling various goods, including fresh flowers, craft beer, motorcycle saddlebags, contractor tools and vintage watches. Among the local eateries, the Dove Diner is open 24 hours a day and was recently remodeled, bringing a fresh and clean Art Deco style to its walls and fixtures that make the familiar vinyl upholstered booths even more comfortable as you enjoy a stack of pancakes or a patty melt on rye.

Interested in learning more about homes in this area? Reach out to Tania Peralta, an experienced agent in this area.

Agents Specializing in this Area

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Parks in this Area

New Castle Housing Trends

Housing Trends

Median List Price
$308,000
Median Sale Price
$305,000
Median Single Family Sale Price
$310,000
Median Townhouse Sale Price
$306,000
Median 2 Bedroom Sale Price
$182,250
Median Change From 1st List Price
0%
Last 12 months Home Sales
561
Median Home Sale Price YoY Change
3%
Average Price Per Sq Ft
$210

Area Facts

Number of Homes
17,308
Number of Homes for Sale
69
Median Year Built
1963
Months of Supply
1.50
Average Single Family Home Size Sq Ft
1,474
Significantly below the national average
1,929
Average Townhouse Size Sq Ft
1,983
Average 2 Bedroom Size Sq Ft
1,200
Average Studio Size Sq Ft
1,263
Median Lot Size Sq Ft
6,969

Open Houses

  • Sunday, Nov 2
    Open Sun 1PM - 3PM

    123 E 2nd St, New Castle, DE 19720

    $559,900

    • 3 Beds
    • 3.5 Baths
    • 1,965 Sq Ft
    • 123 E 2nd St
    • New 24 days ago

    Welcome to this charming brick home with a prime location in the Old New Castle Historic District. This gem boasts 3 bedrooms and 3.1 bathrooms spread out over 2.5 levels/stories. The main level features an open, spacious living room/dining room area with a gas fireplace, crown molding and chair rail details. It is the perfect space to entertain. The kitchen has ample cabinets and is large enough

    Agent Photo
    Chris Cashman
    Patterson-Schwartz-Newark
    (302) 286-9987
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  • Saturday, Nov 1
    Open Sat 11AM - 3PM

    110 Riverview Dr, New Castle, DE 19720

    $250,000

    • 2 Beds
    • 1 Bath
    • 950 Sq Ft
    • 110 Riverview Dr
    • New 9 days ago

    This charming Cape Cod-style home, built in 1947, offers a delightful blend of character and comfort. Nestled in the serene Collins Park neighborhood, this property features a cozy interior with beautiful wood floors and upgraded countertops that create an inviting atmosphere. The spacious dining area is perfect for gatherings, while ceiling fans provide a refreshing breeze throughout. The

    Mr. James Andre Jenkins Jason Mitchell Group

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  • Wednesday, Oct 29
    Open Wed 5PM - 7PM

    74 Valley Forge Rd, New Castle, DE 19720

    $419,999

    • 4 Beds
    • 3 Baths
    • 2,225 Sq Ft
    • 74 Valley Forge Rd
    • New 28 days ago

    74 Valley Forge Rd in New Castle, DE isn’t just another house — it’s a statement. Directly across the street from Pennwood Park in Penn Acres South, this 4-bedroom split-level delivers modern style with space that works as hard as you do.Step inside to a wide-open living and dining layout where natural light and clean lines set the tone. The kitchen? Sleek, updated, and built for both

    David Blume RE/MAX Edge

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

New Castle Has More Owners

Demographics

Total Population
5,725
Median Age
46
Population under 18
19.8%
On par with the national average
23.8%
Population over 65
25%
Above the national average
19.1%

Finances

Median Household Income
$81,001
Above the national average
$71,702
Average Household Income
$99,330

Education and Workforce

High School Graduates
90.4%
College Graduates
29.7%
On par with the national average
34.1%
Advanced Degrees
16.5%
% Population in Labor Force
70.6%
Above the national average
65.1%

Weather

Annual Precipitation
45''
Average Winter Low Temperature
26°F
Average Summer High Temperature
86°F
Annual Snowfall
11''

Area Factors

Somewhat Bikeable

Bike Score®®

39 / 100

Car-Dependent

Walk Score®®

5 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
New Castle