New Castle

New Castle

Located in New Castle County

$306,731 Average Value
$209 Average Price per Sq Ft
61 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 Keave Slomine, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

New Castle Housing Trends

Housing Trends

Median List Price
$311,000
Median Sale Price
$305,000
Median Single Family Sale Price
$315,000
Median Townhouse Sale Price
$185,000
Median 2 Bedroom Sale Price
$180,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
504
Median Home Sale Price YoY Change
$7
Average Price Per Sq Ft
$209

Neighborhood Facts

Number of Homes for Sale
61
Months of Supply
1.50

Open Houses

  • Sunday, Jun 15
    12 - 2pm

    40 Ashley Dr, New Castle, DE 19720

    $259,900

    • 3 Beds
    • 1.5 Baths
    • 1,425 Sq Ft
    • 40 Ashley Dr
    • New 16 days ago

    Well-maintained town home, offering inviting landscaped setting, with a free-flowing floor plan which includes living room w/hardwood, updated kitchen with island, family room with hardwood flooring and wood burning fireplace, with sliders to a rear deck and yard. 2nd floor includes 3 spacious,, carpeted bedrooms, updated full bath, and a primary bedroom with plenty of closet space and direct

    Lee Baum Patterson-Schwartz-Hockessin

  • Sunday, Jun 15
    11am - 1pm

    219 Heron Cir, New Castle, DE 19720

    $500,000

    • 3 Beds
    • 3 Baths
    • 2,375 Sq Ft
    • 219 Heron Cir

    Welcome to 219 N Heron Circle, nestled in the sought-after 55+ community of Riverbend at Old New Castle. Built in 2022, this beautifully designed ranch-style home offers over 2,300 square feet of thoughtfully crafted living space, including a finished basement perfect for guests, hobbies, or extra entertaining room. With 3 spacious bedrooms and 3 full bathrooms, this home blends comfort and

    Katie Pechickjian Crown Homes Real Estate

  • Sunday, Jun 15
    1 - 3pm

    522 Arrowgrass Ln, New Castle, DE 19720

    $419,888

    • 2 Beds
    • 2 Baths
    • 1,878 Sq Ft
    • 522 Arrowgrass Ln

    Quick Delivery home built by Gemcraft Homes. The Magnolia II villa features 2 bedrooms, 2 baths with the option of adding 2 additional bedrooms and 1 additional bath upstairs. Amenities for HOA include: Outdoor Deck, Great Room, Sports Bar, Fitness Center, Indoor Pool, Gathering Room, Craft Room, Library, and Large Community Kitchen. Common area maintenance, lawn care, trash pick-up, snow removal

    Nicole Strahorn Gregg Team Realty

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''
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