Is Delton, MI 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, Delton has remained a Seller's Market.
Housing Prices in Delton, MI
How much do homes in Delton, MI cost?
Median Sold Price
$283,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Delton was $283,000 in March 2024, up 23% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $190K | -13.6% |
2 Bedrooms | $186.2K | $256K | +37.4% |
3 Bedrooms | $220K | $289K | +31.4% |
4 Bedrooms | $280K | $433.5K | +54.8% |
5+ Bedrooms | $240K | $300K | +25.0% |
Summary: Delton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 37.4%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 54.8%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Delton | $230K | $283K | +23.0% |
Barry Township | $210K | $247K | +17.6% |
Orangeville Township | $278.7K | $322.5K | +15.7% |
Hope Township | $220K | $249.9K | +13.6% |
Prairieville Township | $315.9K | $350K | +10.8% |
Housing Supply in Delton, MI
How many homes are available in Delton, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Summary: The Delton real estate market had 22 homes for sale in March 2024, a 69.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 0 | 5 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Delton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Delton in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Delton, MI
How long does it take to sell a home in Delton, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 40 Days | +44.4% |
Summary: Homes in Delton had an average of 40 days on market in Mar 2024, up by 44.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Delton; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.