Is Lower Christiana, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lower Christiana has remained a Seller's Market.
Key Takeaway
Lower Christiana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Christiana, DE
How much do homes in Lower Christiana, DE cost?
Median Sold Price
$290,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lower Christiana have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Lower Christiana was $290,000 in March 2024, up 9.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235.5K | $249.9K | +6.1% |
| 3 Bedrooms | $255K | $287.5K | +12.7% |
| 4 Bedrooms | $305K | $330K | +8.2% |
| 5+ Bedrooms | $337.5K | $343.9K | +1.9% |
Summary: Lower Christiana housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Wilmington | $236.3K | $308.2K | +30.4% |
| Elsmere | $215K | $245K | +14.0% |
| Lower Christiana | $265K | $290K | +9.4% |
| Pike Creek-Central Kirkwood | $334.9K | $351K | +4.8% |
Housing Supply in Lower Christiana, DE
How many homes are available in Lower Christiana, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 111 | +27.6% |
Summary: The Lower Christiana real estate market had 111 homes for sale in March 2024, a 27.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 49 | 64 | +30.6% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Lower Christiana housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Christiana, you could pay more than the asking price. 36.8% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Lower Christiana in March 2024, down by 13.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 32% were sold at asking, and 37% were sold over asking.
Days on Market for Lower Christiana, DE
How long does it take to sell a home in Lower Christiana, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 32 Days | +57.4% |
Summary: Homes in Lower Christiana had an average of 32 days on market in Mar 2024, up by 57.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lower Christiana are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Lower Christiana; 74% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
