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 seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Delaware County, PA cost?

Median Sold Price

$306,633

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$17,363(+6.0%)

Key Takeaway

Homes in Delaware County have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $115K$138K
+20.0%
2 $210.5K$235.1K
+11.7%
3 $234.8K$252.7K
+7.6%
4 $438.1K$464.5K
+6.0%
5+ $763K$764.2K
0.2%

Median Sold Price Compared To Nearby Counties

New Castle County
+10.3%
Montgomery County
+8.0%
Gloucester County
+7.8%
Delaware County
+6.0%
Philadelphia County
+1.0%

How many homes are available in Delaware County, PA?

Number of Homes For Sale

Sep 2022Oct 2022%
2,1101,907-9.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 4036
-10.0%
2 187170
-9.1%
3 1,1141,013
-9.1%
4 532452
-15.0%
5+ 237236
-0.4%

Number of Homes Sold

Sep 2022Oct 2022%
608478-21.4%

Asking Price vs. Sold Price

163 Homes Were Sold
Under Asking

126 Homes Were Sold
At Asking

189 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. 39.5% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
21 Days21 Days-2.0%

Breakdown of Home Sale Times

366 Homes Were Sold
Under 30 Days

99 Homes Were Sold
In 30 - 90 Days

13 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Delaware County, PA

There are 1,907 homes are for sale in Delaware County, PA real estate market. The inventory of homes for sale in Delaware County, PA between September 2022 and October 2022 decreased by 9.6%. While the average time on the market in October 2022 was 21 days, the median list price was $306,633. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 20%, the cost of 2 bedrooms properties went up by 11.7%, 3 bedrooms properties prices increased by 7.6%, prices of 4 bedrooms properties went up by 6%, prices of 5 bedrooms properties went up by 0.2%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 10% less available, 2 bedrooms homes inventory decreased by 9.1%, 3 bedrooms homes became 9.1% less available, the quantity of 4 bedrooms homes went down by 15%, volume of 5 bedrooms homes went down by 0.4%. Over 189 listings were sold over their listed price in October 2022 in Delaware County, PA. In the same period over 163 listings were sold below the listed price and 126 listings were sold for the listed price.

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