Is Laurel-Delmar, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Laurel-Delmar has remained a Seller's Market.
Housing Prices in Laurel-Delmar, DE
How much do homes in Laurel-Delmar, DE cost?
Median Sold Price
$310,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Laurel-Delmar was $310,000 in April 2024, up 6.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $227K | +16.4% |
3 Bedrooms | $297.4K | $299K | 0.5% |
4 Bedrooms | $280K | $367K | +31.1% |
5+ Bedrooms | $339.9K | $320.9K | -5.6% |
Summary: Laurel-Delmar housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Delmar | $295.6K | $337K | +14.0% |
Laurel | $255K | $290K | +13.7% |
Laurel-Delmar | $290.6K | $310K | +6.7% |
Housing Supply in Laurel-Delmar, DE
How many homes are available in Laurel-Delmar, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 78 | +11.4% |
Summary: The Laurel-Delmar real estate market had 78 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 45 | 51 | +13.3% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Laurel-Delmar housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 22 | +69.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Laurel-Delmar in April 2024, up by 69.2% month-over-month. Of the 22 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% were sold over asking.
Days on Market for Laurel-Delmar, DE
How long does it take to sell a home in Laurel-Delmar, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 24 Days | -62.8% |
Summary: Homes in Laurel-Delmar had an average of 24 days on market in Apr 2024, down by 62.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Laurel-Delmar; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.