Is Delaware Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Delaware Township has remained a Seller's Market.
Key Takeaway
Delaware Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delaware Township, IA
How much do homes in Delaware Township, IA cost?
Median Sold Price
$300,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Delaware Township have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Delaware Township was $300,000 in May 2024, up 4.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $160K | $166.7K | +4.2% |
| 3 Bedrooms | $289.9K | $300K | +3.5% |
| 4 Bedrooms | $344.2K | $359.9K | +4.6% |
| 5+ Bedrooms | $376.4K | $447.2K | +18.8% |
Summary: Delaware Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Lee Township | $170.1K | $184K | +8.1% |
| Altoona | $300K | $319.2K | +6.4% |
| Clay Township | $299.9K | $315K | +5.0% |
| Delaware Township | $286K | $300K | +4.9% |
Housing Supply in Delaware Township, IA
How many homes are available in Delaware Township, IA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 60 | -7.7% |
Summary: The Delaware Township real estate market had 60 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 22 | 17 | -22.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Delaware Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delaware Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Delaware Township in May 2024, down by 31.6% month-over-month. Of the 13 sold homes, 54% were sold under asking, 46% were sold at asking, and 0% were sold over asking.
Days on Market for Delaware Township, IA
How long does it take to sell a home in Delaware Township, IA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 66 Days | 78 Days | +18.3% |
Summary: Homes in Delaware Township had an average of 78 days on market in May 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delaware Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Delaware Township; 46% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
