Is Pike Creek-Central Kirkwood, 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, Pike Creek-Central Kirkwood has remained a Seller's Market.
Key Takeaway
Pike Creek-Central Kirkwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pike Creek-Central Kirkwood, DE
How much do homes in Pike Creek-Central Kirkwood, DE cost?
Median Sold Price
$352,875
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pike Creek-Central Kirkwood have sold for 5% more than they did a year ago.
Summary: The median home sold price in Pike Creek-Central Kirkwood was $352,875 in May 2024, up 5% 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 | $180K | $190.5K | +5.8% |
| 2 Bedrooms | $237.5K | $245K | +3.2% |
| 3 Bedrooms | $331.5K | $356K | +7.4% |
| 4 Bedrooms | $405K | $425K | +4.9% |
| 5+ Bedrooms | $446.5K | $460.5K | +3.1% |
Summary: Pike Creek-Central Kirkwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Lower Christiana | $270K | $300.4K | +11.3% |
| Piedmont | $583K | $631.3K | +8.3% |
| Pike Creek-Central Kirkwood | $336.1K | $352.8K | +5.0% |
| Upper Christiana | $314K | $322.5K | +2.7% |
| Hockessin | $527.5K | $531K | +0.7% |
Housing Supply in Pike Creek-Central Kirkwood, DE
How many homes are available in Pike Creek-Central Kirkwood, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 106 | +1.9% |
Summary: The Pike Creek-Central Kirkwood real estate market had 106 homes for sale in May 2024, a 1.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 50 | 54 | +8.0% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Pike Creek-Central Kirkwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pike Creek-Central Kirkwood, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Pike Creek-Central Kirkwood in May 2024, down by 2.8% month-over-month. Of the 35 sold homes, 20% were sold under asking, 23% were sold at asking, and 57% were sold over asking.
Days on Market for Pike Creek-Central Kirkwood, DE
How long does it take to sell a home in Pike Creek-Central Kirkwood, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 8 Days | +3.4% |
Summary: Homes in Pike Creek-Central Kirkwood had an average of 8 days on market in May 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pike Creek-Central Kirkwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Pike Creek-Central Kirkwood; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
