Is Delaware County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Delaware County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $150.5K | +8.3% |
2 Bedrooms | $231.1K | $261.6K | +13.2% |
3 Bedrooms | $260K | $275.3K | +5.9% |
4 Bedrooms | $499.8K | $515K | +3.0% |
5+ Bedrooms | $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 | $290.6K | $315K | +8.4% |
New Castle County | $327.6K | $341.3K | +4.2% |
Delaware County | $319.2K | $331.8K | +3.9% |
Montgomery County | $408.5K | $424.4K | +3.9% |
Philadelphia County | $272.2K | $257.5K | -5.4% |
Housing Supply in Delaware County, PA
How many homes are available in Delaware County, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,359 | 2,517 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 37 | 42 | +13.5% |
2 Bedrooms | 261 | 256 | -1.9% |
3 Bedrooms | 1,144 | 1,235 | +8.0% |
4 Bedrooms | 546 | 596 | +9.2% |
5+ Bedrooms | 371 | 388 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
315 | 407 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 26 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
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.