$8,609 Closing Credit*
$725,000
6,300 SqFt
4 Beds
•4 Full Baths, 1 Partial
Donald Ash, Listing Office: Alliance Realty
Is Red Lion, 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, Red Lion was a Seller's Market.
Key Takeaway
Red Lion is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Red Lion, DE
How much do homes in Red Lion, DE cost?
Median Sold Price
$450,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$50,000(-10.0%)
Key Takeaway
Homes in Red Lion have sold for 10% less than they did a year ago.
Summary: The median home sold price in Red Lion was $450,000 in October 2024, down 10% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $235K | +213.3% |
| 2 Bedrooms | $344.5K | $237.4K | -31.1% |
| 3 Bedrooms | $299.9K | $286K | -4.6% |
| 4 Bedrooms | $544.9K | $532K | -2.4% |
| 5+ Bedrooms | $730K | $921K | +26.2% |
Summary: Red Lion housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 213.3%, 2 bedroom homes decreased by 31.1%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 26.2%.
Housing Supply in Red Lion, DE
How many homes are available in Red Lion, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The Red Lion real estate market had 24 homes for sale in October 2024, a 14.3% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Red Lion 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Lion, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Red Lion in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 25 Days | -33.6% |
Summary: Homes in Red Lion had an average of 25 days on market in Oct 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
2 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 October 2024, 3 homes were sold in Red Lion; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
