Elsmere, DE Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Elsmere, DE is $315,000, up 16.4% year-over-year. Homes sell in an average of 41 days with 11 active listings. The market is currently a seller's market.
$315,000median sale price
Is Elsmere a buyer's or seller's market?
Elsmere, DE is currently a seller's market, based on 1.8 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
41
Average pace
Active listings
11
1.8 months supply
Sale-to-list
99.3%
Below asking
Elsmere, DE market data
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Median list price | $287,500 |
| Year-over-year price change | +16.4% |
| Average days on market | 41 days |
| Active inventory | 11 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.3% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Elsmere housing market is currently classified as a seller's market with a median sale price of $315,000. Prices have risen 16.4% compared to last year, with homes spending an average of 41 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Elsmere
There are currently 11 homes listed for sale in Elsmere, Delaware. The median listing price is $288K.
Active listings
11
Homes on market
Median list price
$288K
Avg. days on market
41
Days until sale
New this week
8
Newly listed
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Frequently asked questions
What is the average home price in Elsmere?
The median home sale price in Elsmere is $315,000, up 16.4% from last year.
How long do homes stay on market in Elsmere?
Homes typically spend 41 days on market before going under contract.
Is Elsmere a buyer's or seller's market?
With 1.8 months of supply, Elsmere is currently a seller's market.
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