Is Delaware, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Delaware has remained a Seller's Market.

Key Takeaway

Delaware is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Delaware, MO

How much do homes in Delaware, MO cost?

Median Sold Price

$237,500

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$22,500(+10.5%)

Key Takeaway

Homes in Delaware have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Delaware was $237,500 in March 2024, up 10.5% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $164.5K$183K
+11.2%
3 $250.5K$265K
+5.8%
4 $262K$380K
+45.0%
5+ $1.1M$502.5K
-57.2%

Summary: Delaware 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 11.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 45%, and 5+ bedroom homes decreased by 57.2%.

Median Sold Price Compared To Nearby Neighborhoods

Rountree
+20.0%
Delaware
+10.5%
Oak Grove
+7.8%
Bingham
-1.6%

Housing Supply in Delaware, MO

How many homes are available in Delaware, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
15150.0%

Summary: The Delaware real estate market had 15 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 53
-40.0%
4 66
0.0%
5+ 12
+100.0%

Summary: The Delaware 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 33.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delaware, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Delaware in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Delaware, MO

How long does it take to sell a home in Delaware, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
32 Days14 Days-54.6%

Summary: Homes in Delaware had an average of 14 days on market in Mar 2024, down by 54.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Delaware are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Delaware; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Delaware, MO

Nearby Markets to Delaware, MO