$105,000
0.33 Acres
Land
Steven J King, Listing Office: Empower Real Estate, LLC
Is Lower Christiana, 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, 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
$305,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$31,812(+11.6%)
Key Takeaway
Homes in Lower Christiana have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Lower Christiana was $305,000 in September 2024, up 11.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.5K | $250.6K | -0.8% |
| 3 Bedrooms | $266K | $305K | +14.7% |
| 4 Bedrooms | $314.9K | $342.5K | +8.8% |
| 5+ Bedrooms | $340K | $352.5K | +3.7% |
Summary: Lower Christiana 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 decreased by 0.8%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 3.7%.
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% |
| Pike Creek-Central Kirkwood | $345K | $358K | +3.8% |
Housing Supply in Lower Christiana, DE
How many homes are available in Lower Christiana, DE?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 95 | 97 | +2.1% |
Summary: The Lower Christiana real estate market had 97 homes for sale in September 2024, a 2.1% 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 | 20 | 23 | +15.0% |
| 3 Bedrooms | 55 | 54 | -1.8% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Lower Christiana 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 increased by 15%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Christiana, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Lower Christiana in September 2024, down by 3.0% month-over-month. Of the 32 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +15.9% |
Summary: Homes in Lower Christiana had an average of 12 days on market in Sep 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Christiana are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 32 homes were sold in Lower Christiana; 97% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
