Is Delaware Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Delaware Township, OH

How much do homes in Delaware Township, OH cost?

Median Sold Price

$404,864

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,964(+3.8%)

Key Takeaway

Homes in Delaware Township have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Delaware Township was $404,864 in February 2024, up 3.8% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $255K$112.7K
-55.8%
2 $252K$295K
+17.1%
3 $332.4K$335K
+0.8%
4 $470K$466.4K
-0.7%
5+ $657K$700K
+6.5%

Summary: Delaware Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.8%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

Delaware
+16.6%
Delaware Township
+3.8%
Troy Township
+3.6%
Delaware City Township
+1.1%

Housing Supply in Delaware Township, OH

How many homes are available in Delaware Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
250257+2.8%

Summary: The Delaware Township real estate market had 257 homes for sale in February 2024, a 2.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 2324
+4.3%
3 105110
+4.8%
4 7784
+9.1%
5+ 4439
-11.4%

Summary: The Delaware Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 11.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5956-5.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delaware Township, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Delaware Township in February 2024, down by 5.1% month-over-month. Of the 56 sold homes, 41% were sold under asking, 29% were sold at asking, and 30% were sold over asking.

Days on Market for Delaware Township, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
32 Days37 Days+16.3%

Summary: Homes in Delaware Township had an average of 37 days on market in Feb 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 56 homes were sold in Delaware Township; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

Newest Listings in Delaware Township, OH

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