$4,096 Closing Credit*
$344,900
1,900 SqFt
3 Beds
•2 Full Baths
Angel Josue Agosto, Listing Office: Century 21 Gold Key Realty
Is Elsmere, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Elsmere has remained a Seller's Market.
Key Takeaway
Elsmere is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elsmere, DE
How much do homes in Elsmere, DE cost?
Median Sold Price
$268,800
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,800(+17.9%)
Key Takeaway
Homes in Elsmere have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Elsmere was $268,800 in October 2024, up 17.9% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $214.9K | +16.2% |
| 3 Bedrooms | $235K | $283.7K | +20.7% |
| 4 Bedrooms | $287.4K | $336K | +16.9% |
| 5+ Bedrooms | - | $445K | N/A |
Summary: Elsmere 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 16.2%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elsmere | $228K | $268.8K | +17.9% |
| Lower Christiana | $275.6K | $305K | +10.6% |
| Wilmington | $299.1K | $321.3K | +7.4% |
Housing Supply in Elsmere, DE
How many homes are available in Elsmere, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Elsmere real estate market had 14 homes for sale in October 2024, a 17.6% decrease 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 | 6 | 2 | -66.7% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elsmere 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 decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elsmere, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Elsmere in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Elsmere, DE
How long does it take to sell a home in Elsmere, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 11 Days | +16.9% |
Summary: Homes in Elsmere had an average of 11 days on market in Oct 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
5 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 Elsmere are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Elsmere; 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.
