Is Upper Christiana, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Upper Christiana was a Seller's Market.
Key Takeaway
Upper Christiana is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Upper Christiana, DE
How much do homes in Upper Christiana, DE cost?
Median Sold Price
$322,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Christiana have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Upper Christiana was $322,500 in May 2024, up 2.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $244.9K | $285K | +16.4% |
| 3 Bedrooms | $290K | $320K | +10.3% |
| 4 Bedrooms | $380K | $355K | -6.6% |
| 5+ Bedrooms | $410K | $410K | 0.0% |
Summary: Upper 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 16.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lower Christiana | $270K | $300.4K | +11.3% |
| Bear | $395K | $414.6K | +5.0% |
| Pike Creek-Central Kirkwood | $336.1K | $352.8K | +5.0% |
| Upper Christiana | $314K | $322.5K | +2.7% |
Housing Supply in Upper Christiana, DE
How many homes are available in Upper Christiana, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 48 | +26.3% |
Summary: The Upper Christiana real estate market had 48 homes for sale in May 2024, a 26.3% increase 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Upper 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 increased by 150%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Christiana, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Upper Christiana in May 2024, down by 38.5% month-over-month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Upper Christiana, DE
How long does it take to sell a home in Upper Christiana, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 5 Days | -43.3% |
Summary: Homes in Upper Christiana had an average of 5 days on market in May 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
8 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 Upper Christiana are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Upper Christiana; 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.
