$345,000
1.57 Acres
Land
Lee Ann Wilkinson, Listing Office: Berkshire Hathaway HomeServices PenFed Realty
Is Ellendale, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ellendale was a Seller's Market.
Key Takeaway
Ellendale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ellendale, DE
How much do homes in Ellendale, DE cost?
Median Sold Price
$334,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+11.3%)
Key Takeaway
Homes in Ellendale have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Ellendale was $334,000 in October 2024, up 11.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | - | N/A |
| 2 Bedrooms | $122.8K | $375K | +205.4% |
| 3 Bedrooms | $282.4K | $310K | +9.8% |
| 4 Bedrooms | $400K | $391.9K | -2.0% |
| 5+ Bedrooms | $445K | $344.5K | -22.6% |
Summary: Ellendale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 205.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Cities
| Ellendale | $300K | $334K | +11.3% |
| Milford South | $333K | $355K | +6.6% |
Housing Supply in Ellendale, DE
How many homes are available in Ellendale, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Ellendale real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ellendale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellendale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ellendale in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Ellendale, DE
How long does it take to sell a home in Ellendale, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 33 Days | +164.5% |
Summary: Homes in Ellendale had an average of 33 days on market in Oct 2024, up by 164.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellendale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Ellendale; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
