Sales Decline in Elsmere Real Estate Market

Home sales in the Elsmere market remained slow in this week's report as they dropped 16.7% to five homes sold over the last 30 days. Meanwhile, close-by Wilmington reported 72 homes sales, the highest number from all the surrounding cities. Prices are rising in Elsmere, and the median sales price this period increased from $124,499 to $144,000. With decreasing sales and the availability of seven months of inventory, Elsmere is a definite buyer's market.

Want a more traditional home in Elsmere? Then start your search with these listings that were built before most others in the market:

$167K   $199K   $175K  

Get started right now by checking out Elsmere homes for sale or reviewing Elsmere real estate trends.

Demographic facts about Elsmere:

  • The median house value here is $116,800.
  • This area usually gets 111 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 6.9%.
  • The student-to-teacher ratio is 16.1:1. (15.3:1 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
RE/MAX SUNVEST REALTY INC
5 reviews
Berkshire Hathaway HomeServices
Snapped 7 homes in this area
Patterson-Schwartz & Assoc. Inc.
Snapped 1 home in this area

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