Is Red Lion, 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, Red Lion has remained a Seller's Market.
Housing Prices in Red Lion, DE
How much do homes in Red Lion, DE cost?
Median Sold Price
$450,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Red Lion was $450,000 in April 2024, down 7.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | - | $327.4K | N/A |
3 Bedrooms | $295K | $306.9K | +4.0% |
4 Bedrooms | $510K | $532K | +4.3% |
5+ Bedrooms | $657.5K | $730K | +11.0% |
Summary: Red Lion housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 11%.
Housing Supply in Red Lion, DE
How many homes are available in Red Lion, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 29 | +70.6% |
Summary: The Red Lion real estate market had 29 homes for sale in April 2024, a 70.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 9 | 15 | +66.7% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Red Lion housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Red Lion in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Red Lion, DE
How long does it take to sell a home in Red Lion, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 24 Days | +81.1% |
Summary: Homes in Red Lion had an average of 24 days on market in Apr 2024, up by 81.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Red Lion; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.