Is Lower Christiana, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lower Christiana has remained a Seller's Market.
Housing Prices in Lower Christiana, DE
How much do homes in Lower Christiana, DE cost?
Median Sold Price
$300,400
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lower Christiana was $300,400 in May 2024, up 11.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $239.5K | $246K | +2.7% |
3 Bedrooms | $259.9K | $297K | +14.3% |
4 Bedrooms | $307K | $330.5K | +7.7% |
5+ Bedrooms | $340K | $342.9K | +0.9% |
Summary: Lower Christiana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
Wilmington | $267.5K | $316.6K | +18.4% |
Elsmere | $215K | $249.9K | +16.2% |
Lower Christiana | $270K | $300.4K | +11.3% |
Pike Creek-Central Kirkwood | $336.1K | $352.8K | +5.0% |
Housing Supply in Lower Christiana, DE
How many homes are available in Lower Christiana, DE?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 87 | -7.4% |
Summary: The Lower Christiana real estate market had 87 homes for sale in May 2024, a 7.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 50 | 46 | -8.0% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The Lower Christiana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 18 | -35.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Lower Christiana in May 2024, down by 35.7% month-over-month. Of the 18 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 15 Days | +51.6% |
Summary: Homes in Lower Christiana had an average of 15 days on market in May 2024, up by 51.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Lower Christiana; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.