Is Delaware County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Delaware County was a Seller's Market.

Key Takeaway

Delaware County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Delaware County, PA

How much do homes in Delaware County, PA cost?

Median Sold Price

$331,847

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$12,575(+3.9%)

Key Takeaway

Homes in Delaware County have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Delaware County was $331,847 in March 2024, up 3.9% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $139K$150.5K
+8.3%
2 $231.1K$261.6K
+13.2%
3 $260K$275.3K
+5.9%
4 $499.8K$515K
+3.0%
5+ $824K$811.3K
-1.5%

Summary: Delaware County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 1.5%.

Median Sold Price Compared To Nearby Counties

Gloucester County
+8.4%
New Castle County
+4.2%
Delaware County
+3.9%
Montgomery County
+3.9%
Philadelphia County
-5.4%

Housing Supply in Delaware County, PA

How many homes are available in Delaware County, PA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2,3592,517+6.7%

Summary: The Delaware County real estate market had 2,517 homes for sale in March 2024, a 6.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 3742
+13.5%
2 261256
-1.9%
3 1,1441,235
+8.0%
4 546596
+9.2%
5+ 371388
+4.6%

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 13.5%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 4.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
315407+29.2%

Asking Price vs. Sold Price

127 Homes Were Sold
Under Asking

96 Homes Were Sold
At Asking

184 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delaware County, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Summary: A total of 407 homes were sold or pending in Delaware County in March 2024, up by 29.2% month-over-month. Of the 407 sold homes, 31% were sold under asking, 24% were sold at asking, and 45% 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

Mar 2023Mar 2024CHANGE
29 Days26 Days-12.5%

Summary: Homes in Delaware County had an average of 26 days on market in Mar 2024, down by 12.5% compared to last year.

Breakdown of Home Sale Times

320 Homes Were Sold
Under 30 Days

49 Homes Were Sold
In 30 - 90 Days

38 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 407 homes were sold in Delaware County; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% 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 11 Days Ago

Newest Listings in Delaware County, PA

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