Is Laurel-Delmar, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Laurel-Delmar has remained a Buyer's Market.
Housing Prices in Laurel-Delmar, DE
How much do homes in Laurel-Delmar, DE cost?
Median Sold Price
$310,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Laurel-Delmar was $310,000 in February 2024, up 14.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $230K | +17.9% |
3 Bedrooms | $280K | $300K | +7.1% |
4 Bedrooms | $263K | $358.7K | +36.4% |
5+ Bedrooms | $300K | $330.4K | +10.1% |
Summary: Laurel-Delmar housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Laurel | $227.5K | $290K | +27.5% |
Delmar | $266.5K | $329.9K | +23.8% |
Laurel-Delmar | $269.9K | $310K | +14.9% |
Housing Supply in Laurel-Delmar, DE
How many homes are available in Laurel-Delmar, DE?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
105 | 111 | +5.7% |
Summary: The Laurel-Delmar real estate market had 111 homes for sale in February 2024, a 5.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 65 | 69 | +6.2% |
4 Bedrooms | 27 | 24 | -11.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Laurel-Delmar housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Laurel-Delmar in February 2024, up by 7.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% were sold over asking.
Days on Market for Laurel-Delmar, DE
How long does it take to sell a home in Laurel-Delmar, DE?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 43 Days | -5.4% |
Summary: Homes in Laurel-Delmar had an average of 43 days on market in Feb 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in Laurel-Delmar; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.