Is Delavan, IL 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, Delavan has remained a Seller's Market.
Housing Prices in Delavan, IL
How much do homes in Delavan, IL cost?
Median Sold Price
$125,000
$69/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Delavan was $125,000 in March 2024, up 4.3% from last year, and the median price per square foot was $69.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $175K | N/A |
2 Bedrooms | $83.2K | $60K | -27.9% |
3 Bedrooms | $135K | $88.2K | -34.6% |
4 Bedrooms | $106.2K | $145.4K | +36.9% |
5+ Bedrooms | $269K | $374K | +39.0% |
Summary: Delavan 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 decreased by 27.9%, 3 bedroom homes decreased by 34.6%, 4 bedroom homes increased by 36.9%, and 5+ bedroom homes increased by 39%.
Median Sold Price Compared To Nearby Cities
Delavan | $119.9K | $125K | +4.3% |
Delavan Township | $122.5K | $125K | +2.0% |
Housing Supply in Delavan, IL
How many homes are available in Delavan, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Summary: The Delavan real estate market had 12 homes for sale in March 2024, a 33.3% 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 | 0 | -100.0% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Delavan 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 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Delavan in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Delavan, IL
How long does it take to sell a home in Delavan, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 43 Days | +128.1% |
Summary: Homes in Delavan had an average of 43 days on market in Mar 2024, up by 128.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Delavan; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.