$3,384 Closing Credit*
$285,000
1,551 SqFt
3 Beds
•1 Full Bath
John N Lyons, Listing Office: Crown Homes Real Estate
Is Elsmere, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$267,600
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,600(+18.4%)
Key Takeaway
Homes in Elsmere have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Elsmere was $267,600 in November 2024, up 18.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $214.9K | +16.2% |
| 3 Bedrooms | $238.5K | $282.5K | +18.4% |
| 4 Bedrooms | $259.9K | $336K | +29.3% |
| 5+ Bedrooms | - | $445K | N/A |
Summary: Elsmere housing prices by bedroom type for November 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 18.4%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elsmere | $226K | $267.6K | +18.4% |
| Lower Christiana | $280K | $305K | +8.9% |
| Wilmington | $301K | $324.3K | +7.8% |
Housing Supply in Elsmere, DE
How many homes are available in Elsmere, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Elsmere real estate market had 11 homes for sale in November 2024, a 21.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elsmere housing inventory by bedroom type for November 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 22.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were 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. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Elsmere in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 5 Days | -54.5% |
Summary: Homes in Elsmere had an average of 5 days on market in Nov 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
4 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 November 2024, 4 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.
