Is Delaware City, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Delaware City was a Seller's Market.
Key Takeaway
Delaware City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Delaware City, DE
How much do homes in Delaware City, DE cost?
Median Sold Price
$306,900
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Delaware City have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Delaware City was $306,900 in March 2024, up 10.6% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $405K | +68.8% |
| 3 Bedrooms | $275K | $281K | +2.2% |
| 4 Bedrooms | $279.9K | $350K | +25.0% |
| 5+ Bedrooms | $303K | - | N/A |
Summary: Delaware City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 68.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Delaware City | $277.4K | $306.9K | +10.6% |
| Red Lion | $475K | $467.5K | -1.6% |
Housing Supply in Delaware City, DE
How many homes are available in Delaware City, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Delaware City real estate market had 11 homes for sale in March 2024, a 57.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Delaware City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delaware City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Delaware City in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Delaware City, DE
How long does it take to sell a home in Delaware City, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 49 Days | +122.7% |
Summary: Homes in Delaware City had an average of 49 days on market in Mar 2024, up by 122.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Delaware City has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Delaware City; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
