Elsmere, DE Foreclosures
How much do homes sell for in Elsmere, DE?
The average home price is currently $255,044.
In Elsmere, DE, how many homes are available?
There are currently 1 active home listings available in Elsmere.
What’s the average rental cost in Elsmere, DE?
The average rental price in Elsmere is $1,249.
What is the most expensive home in Elsmere?
The most expensive home sold in Elsmere had a price of $631,721.
What is currently the cheapest priced home in Elsmere, DE?
The cheapest home for sale in Elsmere is priced at $113,300.
Living in Elsmere, DE
Elsmere is a charming suburb located in New Castle County, Delaware. Known for its friendly community and accessibility to nearby larger cities, it offers a range of amenities and a small-town atmosphere. Residents enjoy easy access to both urban conveniences and natural beauty, making it an attractive place for families and professionals alike.
Current Market Conditions in Elsmere, DE
The real estate market in Elsmere remains stable, with a steady demand for homes driven by its appealing location and community atmosphere. Prices have shown a moderate increase over the past year, attributed to the limited inventory and growing interest from homebuyers seeking affordable options in Delaware.
There has been a noticeable shift in preferences, with many looking for homes that provide more space or home offices due to the increase in remote work. Consequently, single-family homes have seen a surge in demand, leading to quicker sales and higher offers on listings.
Home Value Estimator For Elsmere, DE
There are currently 358 real estate properties
in Elsmere, DE,
with a median automated valuation model (AVM) price
of $244,502.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elsmere, DE, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Elsmere, DE,
is $255,044.00, with the most expensive house
in Elsmere, DE, topping out
at $631,721.00 and the cheapest home
in Elsmere, DE,
clocking in at $113,300.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elsmere, DE!
Rent Prices
In Elsmere, DE
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elsmere, DE, is on
a rollercoaster ride. The
average rent price in Elsmere, DE,
is $1,249.00. Indeed, when looking to rent in
Elsmere, DE, you can expect to pay as little
as $910.00 or as much
as $2,980.00,
with the average rent median estimated to
be $1,200.00. The good news is that finding
an affordable and desirable property to rent in Elsmere, DE
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
