Is Delaware County, 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 County has remained a Seller's Market.
Key Takeaway
Delaware County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delaware County, OH
How much do homes in Delaware County, OH cost?
Median Sold Price
$468,923
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Delaware County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Delaware County was $468,923 in March 2024, up 7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181.5K | $134.8K | -25.7% |
| 2 Bedrooms | $298.5K | $319K | +6.9% |
| 3 Bedrooms | $365K | $398.3K | +9.1% |
| 4 Bedrooms | $507.7K | $540K | +6.3% |
| 5+ Bedrooms | $661.7K | $730.7K | +10.4% |
Summary: Delaware County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.7%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Counties
| Morrow County | $252.7K | $290K | +14.7% |
| Knox County | $235.1K | $263.4K | +12.0% |
| Delaware County | $438.2K | $468.9K | +7.0% |
| Franklin County | $285K | $300.6K | +5.5% |
| Licking County | $290.4K | $298.7K | +2.8% |
Housing Supply in Delaware County, OH
How many homes are available in Delaware County, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 826 | 890 | +7.7% |
Summary: The Delaware County real estate market had 890 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 98 | 99 | +1.0% |
| 3 Bedrooms | 321 | 347 | +8.1% |
| 4 Bedrooms | 300 | 320 | +6.7% |
| 5+ Bedrooms | 105 | 121 | +15.2% |
Summary: The Delaware County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 15.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 164 | 204 | +24.4% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
89 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delaware County, you could pay more than the asking price. 43.6% of homes here sold above asking price last month.
Summary: A total of 204 homes were sold or pending in Delaware County in March 2024, up by 24.4% month-over-month. Of the 204 sold homes, 29% were sold under asking, 27% were sold at asking, and 44% were sold over asking.
Days on Market for Delaware County, OH
How long does it take to sell a home in Delaware County, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 22 Days | -40.6% |
Summary: Homes in Delaware County had an average of 22 days on market in Mar 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
171 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delaware County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 204 homes were sold in Delaware County; 84% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.