Is Delavan, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Delavan has remained a Seller's Market.
Housing Prices in Delavan, IL
How much do homes in Delavan, IL cost?
Median Sold Price
$140,900
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Delavan was $140,900 in May 2024, up 22.5% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $175K | N/A |
2 Bedrooms | $63.5K | $61.2K | -3.5% |
3 Bedrooms | $122.5K | $125K | +2.0% |
4 Bedrooms | $115K | $145.4K | +26.5% |
5+ Bedrooms | $325K | $229K | -29.5% |
Summary: Delavan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes decreased by 29.5%.
Median Sold Price Compared To Nearby Cities
Delavan | $115K | $140.9K | +22.5% |
Delavan Township | $119.9K | $140.9K | +17.5% |
Housing Supply in Delavan, IL
How many homes are available in Delavan, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Summary: The Delavan real estate market had 12 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Delavan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Delavan in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Delavan, IL
How long does it take to sell a home in Delavan, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 25 Days | +272.3% |
Summary: Homes in Delavan had an average of 25 days on market in May 2024, up by 272.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Delavan; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.