Is Delmar, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Delmar has remained a Buyer's Market.
Housing Prices in Delmar, DE
How much do homes in Delmar, DE cost?
Median Sold Price
$329,900
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Delmar was $329,900 in March 2024, up 17.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $190K | - | N/A |
3 Bedrooms | $302.5K | $312.5K | +3.3% |
4 Bedrooms | $225.5K | $345K | +53.0% |
5+ Bedrooms | $340K | $330.4K | -2.8% |
Summary: Delmar 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 did not change, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 53%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Delmar | $280K | $329.9K | +17.8% |
Laurel-Delmar | $281.5K | $300K | +6.6% |
Housing Supply in Delmar, DE
How many homes are available in Delmar, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 21 | 0.0% |
Summary: The Delmar real estate market had 21 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Delmar 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 decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Delmar in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Delmar, DE
How long does it take to sell a home in Delmar, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 6 Days | -63.6% |
Summary: Homes in Delmar had an average of 6 days on market in Mar 2024, down by 63.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Delmar; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.