Is Delaware, OH 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, 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, OH
How much do homes in Delaware, OH cost?
Median Sold Price
$405,850
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Delaware have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Delaware was $405,850 in March 2024, up 15.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $112.7K | +4.4% |
| 2 Bedrooms | $217.5K | $295.4K | +35.8% |
| 3 Bedrooms | $315K | $339.9K | +7.9% |
| 4 Bedrooms | $417K | $470K | +12.7% |
| 5+ Bedrooms | $580.7K | $710K | +22.3% |
Summary: Delaware housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 35.8%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
| Brown Township | $335K | $501.5K | +49.7% |
| Delaware | $351.1K | $405.8K | +15.6% |
| Berlin Township | $560.4K | $600K | +7.1% |
| Delaware Township | $391K | $405.3K | +3.7% |
| Delaware City Township | $325K | $332.9K | +2.4% |
Housing Supply in Delaware, OH
How many homes are available in Delaware, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 267 | 278 | +4.1% |
Summary: The Delaware real estate market had 278 homes for sale in March 2024, a 4.1% 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 | 23 | 26 | +13.0% |
| 3 Bedrooms | 119 | 115 | -3.4% |
| 4 Bedrooms | 86 | 91 | +5.8% |
| 5+ Bedrooms | 39 | 46 | +17.9% |
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 13%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 67 | +9.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delaware, you could pay more than the asking price. 37.3% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Delaware in March 2024, up by 9.8% month-over-month. Of the 67 sold homes, 27% were sold under asking, 36% were sold at asking, and 37% were sold over asking.
Days on Market for Delaware, OH
How long does it take to sell a home in Delaware, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 21 Days | -49.2% |
Summary: Homes in Delaware had an average of 21 days on market in Mar 2024, down by 49.2% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delaware are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 67 homes were sold in Delaware; 87% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.