$9,797 Closing Credit*
$825,000
6,225 SqFt
7 Beds
•2 Full Baths, 1 Partial
Kimberly A Simpson, Listing Office: Thyme Real Estate Co LLC
Is Red Lion, 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, Red Lion has remained a Seller's Market.
Key Takeaway
Red Lion is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Lion, DE
How much do homes in Red Lion, DE cost?
Median Sold Price
$447,450
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$52,550(-10.5%)
Key Takeaway
Homes in Red Lion have sold for 10.5% less than they did a year ago.
Summary: The median home sold price in Red Lion was $447,450 in November 2024, down 10.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $235K | +213.3% |
| 2 Bedrooms | $405K | $237.4K | -41.4% |
| 3 Bedrooms | $306.9K | $285K | -7.1% |
| 4 Bedrooms | $544.9K | $532K | -2.4% |
| 5+ Bedrooms | $730K | $950K | +30.1% |
Summary: Red Lion housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 213.3%, 2 bedroom homes decreased by 41.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 30.1%.
Housing Supply in Red Lion, DE
How many homes are available in Red Lion, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The Red Lion real estate market had 26 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Red Lion 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 16.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Lion, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Red Lion in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Red Lion, DE
How long does it take to sell a home in Red Lion, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 14 Days | +0.6% |
Summary: Homes in Red Lion had an average of 14 days on market in Nov 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Lion are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Red Lion; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
