Backup offers
$3,086 Closing Credit¹
#DENC2075232, Walter W Hurtt, Listing Office: BHHS Fox & Roach-Concord
Elsmere Housing Market Report February 2025•New Castle County, Delaware
Housing Prices in Elsmere, DE
How much do homes in Elsmere, DE cost?
Housing Market Conditions
Is Elsmere, DE a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Elsmere is a Seller's Market
Difference Since February 2024
At the same time last year, Elsmere was a Neutral Market.
Insight
Elsmere is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$266,500$198/SqFt
+$23,000
+9.4%
Based on all homes sold in the last 12 months
Insight
Homes in Elsmere have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Elsmere was $266,500 in February 2025, up 9.4% from last year, and the median price per square foot was $198.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Elsmere | $243.5K | $266.5K | +9.4% |
| Wilmington | $304.7K | $329.9K | +8.3% |
| Lower Christiana | $286.6K | $305K | +6.4% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $190K | $212.4K | +11.8% |
| 33 Bedrooms | $245K | $281.2K | +14.8% |
| 44 Bedrooms | $268.4K | $325K | +21.1% |
| 55+ Bedrooms | - | $445K | N/A |
Summary: Elsmere housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +11.8%. The home price for 3 bedroom homes increased by +14.8%. The home price for 4 bedroom homes increased by +21.1%. The home price for 5 bedroom homes did not change.
Housing supply in Elsmere, DE
How many homes are available in Elsmere, DE?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 17Last MonthFeb 2025 | ||
| 142 months agoJan 2025 | +21.4 % Change MoMJan – Feb |
Summary: The Elsmere real estate market had 17 homes for sale in Feb 2025, a 21.4 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthFeb 2025 | ||
| 22 months agoJan 2025 | +50.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 5 | 5 | 0.0% |
| 33 Bedrooms | 6 | 9 | +50.0% |
| 44 Bedrooms | 3 | 3 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Elsmere housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Elsmere, DE cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price1 Home
Insight
If you're buying a home in Elsmere, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Elsmere in February 2025, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.
Days on Market for Elsmere, DE
How long does it take to sell a home in Elsmere, DE?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Elsmere are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 3 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.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 2 DaysThis YearFeb 2025 | ||
| 7 Days1 year agoFeb 2024 | -64.4 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Elsmere had an average listing age of 2 days in Feb 2025, down by 64.4% compared to the previous year.
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Newest Listings in Elsmere, DE
What homes are available in Elsmere, DE?
$2,552 Closing Credit¹
#DENC2075738, Aaron G Butler, Listing Office: Real Estate Consultants
Backup offers3D tour
$4,026 Closing Credit¹
#DENC2075556, Blakely A Minton, Listing Office: Redfin Corporation
Backup offers
$4,155 Closing Credit¹
#DENC2074984, Kenneth W DiAmbrosio, Listing Office: Patterson-Schwartz-Hockessin
Backup offers
$3,978 Closing Credit¹
#DENC2074738, Lisa Lyons, Listing Office: EXP Realty, LLC
$3,146 Closing Credit¹
#DENC2073894, Stephanie S Lehane, Listing Office: RE/MAX Eagle Realty
$2,672 Closing Credit¹
#DENC2072908, Tyesha Mitchell-hill, Listing Office: BHHS Fox & Roach-Concord
Backup offers
$2,553 Closing Credit¹
#DENC2071972, Sherry L Lynch, Listing Office: RE/MAX Associates - Newark
Backup offers
#DENC2069814, Steven J King, Listing Office: Empower Real Estate, LLC
#DENC2057232, Monica H Bush, Listing Office: Patterson-Schwartz - Greenville
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MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 03/01/2023 - 03/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/2/2025, 4:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.