Is Pike Creek-Central Kirkwood, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pike Creek-Central Kirkwood has remained a Seller's Market.
Key Takeaway
Pike Creek-Central Kirkwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pike Creek-Central Kirkwood, DE
How much do homes in Pike Creek-Central Kirkwood, DE cost?
Median Sold Price
$355,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pike Creek-Central Kirkwood have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Pike Creek-Central Kirkwood was $355,000 in April 2024, up 4.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $190.5K | +5.8% |
| 2 Bedrooms | $235K | $245K | +4.3% |
| 3 Bedrooms | $332.5K | $359.9K | +8.3% |
| 4 Bedrooms | $390K | $425K | +9.0% |
| 5+ Bedrooms | $443K | $466K | +5.2% |
Summary: Pike Creek-Central Kirkwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Lower Christiana | $265.1K | $299.4K | +12.9% |
| Piedmont | $581.1K | $626K | +7.7% |
| Upper Christiana | $305K | $325K | +6.6% |
| Pike Creek-Central Kirkwood | $339.5K | $355K | +4.6% |
| Hockessin | $522.5K | $531K | +1.6% |
Housing Supply in Pike Creek-Central Kirkwood, DE
How many homes are available in Pike Creek-Central Kirkwood, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 101 | +5.2% |
Summary: The Pike Creek-Central Kirkwood real estate market had 101 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 47 | 47 | 0.0% |
| 4 Bedrooms | 26 | 31 | +19.2% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Pike Creek-Central Kirkwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pike Creek-Central Kirkwood, you could pay more than the asking price. 67.6% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Pike Creek-Central Kirkwood in April 2024, up by 30.8% month-over-month. Of the 34 sold homes, 18% were sold under asking, 15% were sold at asking, and 68% were sold over asking.
Days on Market for Pike Creek-Central Kirkwood, DE
How long does it take to sell a home in Pike Creek-Central Kirkwood, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 13 Days | -30.9% |
Summary: Homes in Pike Creek-Central Kirkwood had an average of 13 days on market in Apr 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pike Creek-Central Kirkwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Pike Creek-Central Kirkwood; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
