$2,611 Closing Credit*
$219,900
850 SqFt
2 Beds
•1 Full Bath
Robyn D Roberts, Listing Office: BHHS Fox & Roach-Christiana
Is Elsmere, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Elsmere has remained a Seller's Market.
Key Takeaway
Elsmere is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elsmere, DE
How much do homes in Elsmere, DE cost?
Median Sold Price
$267,300
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$39,300(+17.2%)
Key Takeaway
Homes in Elsmere have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in Elsmere was $267,300 in September 2024, up 17.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.8K | $205K | +12.1% |
| 3 Bedrooms | $230.5K | $281K | +21.9% |
| 4 Bedrooms | $275K | $338K | +22.9% |
| 5+ Bedrooms | - | $445K | N/A |
Summary: Elsmere housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elsmere | $228K | $267.3K | +17.2% |
| Lower Christiana | $273.1K | $305K | +11.6% |
| Wilmington | $293.5K | $321.1K | +9.4% |
Housing Supply in Elsmere, DE
How many homes are available in Elsmere, DE?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Elsmere real estate market had 18 homes for sale in September 2024, a 12.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elsmere housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elsmere, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Elsmere in September 2024, up by 125.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Elsmere, DE
How long does it take to sell a home in Elsmere, DE?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 10 Days | 10 Days | 0.4% |
Summary: Homes in Elsmere had an average of 10 days on market in Sep 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elsmere are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in Elsmere; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
