Is Delaware County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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, PA
How much do homes in Delaware County, PA cost?
Median Sold Price
$335,368
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Delaware County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Delaware County was $335,368 in June 2024, up 5.5% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143.5K | $150K | +4.5% |
| 2 Bedrooms | $240.4K | $260K | +8.2% |
| 3 Bedrooms | $260.5K | $275.4K | +5.7% |
| 4 Bedrooms | $499.4K | $529.1K | +5.9% |
| 5+ Bedrooms | $825K | $820K | -0.6% |
Summary: Delaware County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Counties
| Gloucester County | $294.8K | $324.9K | +10.2% |
| New Castle County | $330.4K | $350K | +5.9% |
| Montgomery County | $410K | $432.9K | +5.6% |
| Delaware County | $317.9K | $335.3K | +5.5% |
| Philadelphia County | $260.1K | $259.5K | -0.2% |
Housing Supply in Delaware County, PA
How many homes are available in Delaware County, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,808 | 1,855 | +2.6% |
Summary: The Delaware County real estate market had 1,855 homes for sale in June 2024, a 2.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 33 | -13.2% |
| 2 Bedrooms | 181 | 162 | -10.5% |
| 3 Bedrooms | 852 | 874 | +2.6% |
| 4 Bedrooms | 467 | 497 | +6.4% |
| 5+ Bedrooms | 270 | 289 | +7.0% |
Summary: The Delaware County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 532 | 507 | -4.7% |
Asking Price vs. Sold Price
143 Homes Were Sold
Under Asking
101 Homes Were Sold
At Asking
263 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delaware County, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 507 homes were sold or pending in Delaware County in June 2024, down by 4.7% month-over-month. Of the 507 sold homes, 28% were sold under asking, 20% were sold at asking, and 52% were sold over asking.
Days on Market for Delaware County, PA
How long does it take to sell a home in Delaware County, PA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 16 Days | 16 Days | -0.4% |
Summary: Homes in Delaware County had an average of 16 days on market in Jun 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
445 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
17 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 June 2024, 507 homes were sold in Delaware County; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.