$6,827 Closing Credit*
$574,900
2,400 SqFt
3 Beds
•2 Full Baths, 2 Partial
Michael A Walton, Listing Office: BHHS Fox & Roach - Hockessin
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 October 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
$355,333
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,333(+1.5%)
Key Takeaway
Homes in Pike Creek-Central Kirkwood have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Pike Creek-Central Kirkwood was $355,333 in October 2024, up 1.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $196K | +5.9% |
| 2 Bedrooms | $242.5K | $250K | +3.1% |
| 3 Bedrooms | $350K | $351K | 0.3% |
| 4 Bedrooms | $410K | $463.5K | +13.0% |
| 5+ Bedrooms | $460K | $539.9K | +17.4% |
Summary: Pike Creek-Central Kirkwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Hockessin | $527.5K | $597K | +13.2% |
| Lower Christiana | $275.6K | $305K | +10.6% |
| Upper Christiana | $320K | $340K | +6.3% |
| Piedmont | $616.6K | $653K | +5.9% |
| Pike Creek-Central Kirkwood | $350K | $355.3K | +1.5% |
Housing Supply in Pike Creek-Central Kirkwood, DE
How many homes are available in Pike Creek-Central Kirkwood, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 113 | -0.9% |
Summary: The Pike Creek-Central Kirkwood real estate market had 113 homes for sale in October 2024, a 0.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 55 | 49 | -10.9% |
| 4 Bedrooms | 32 | 36 | +12.5% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Pike Creek-Central Kirkwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 32 | -31.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 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. 43.8% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Pike Creek-Central Kirkwood in October 2024, down by 31.9% month-over-month. Of the 32 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +18.4% |
Summary: Homes in Pike Creek-Central Kirkwood had an average of 13 days on market in Oct 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 October 2024, 32 homes were sold in Pike Creek-Central Kirkwood; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
