Elsmere, DE Foreclosures
Current Market Conditions in in Elsmere, DE As of February 2026?
In the past month, the Elsmere real estate market has experienced an uptick in home sales, driven primarily by a surge in first-time buyers. Increased interest rates have not significantly deterred buyers who are drawn to the area's affordability compared to nearby cities. Overall, days on the market have decreased, indicating a quicker sale process for many homes in the area.
How much do homes sell for in Elsmere, DE?
The average home price is currently $255,012.
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 $609,561.
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, DE is a suburban gem located near Wilmington, offering residents a community-oriented lifestyle with plenty of amenities. Its well-maintained neighborhoods are ideal for families, while its proximity to larger urban centers allows for convenient access to additional services. The area’s parks and recreational spots provide perfect options for outdoor enthusiasts.
Buyer vs Seller Market in Elsmere, DE
The real estate market in Elsmere has shown promising trends in recent months, with rising property values as buyers seek affordable housing in the area. The appeal of suburban living combined with easy access to city life has attracted a diverse range of homebuyers, contributing to competitive bidding situations for desirable properties.
As of now, homes in Elsmere are seeing general appreciation, with the demand remaining greater than the available supply. This has led to a tight market where homes that are well-maintained and priced competitively tend to sell quickly.
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 $242,593.00. 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 $255,012.00, with the most expensive house
in Elsmere, DE, topping out
at $609,561.00 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
