$4,453 Closing Credit*
$375,000
2,340 SqFt
4 Beds
•2 Full Baths, 1 Partial
Pamela Price, Listing Office: RE/MAX Advantage Realty
Is Delmar, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Delmar has remained a Seller's Market.
Key Takeaway
Delmar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delmar, DE
How much do homes in Delmar, DE cost?
Median Sold Price
$320,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,950(-3.0%)
Key Takeaway
Homes in Delmar have sold for 3% less than they did a year ago.
Summary: The median home sold price in Delmar was $320,000 in October 2024, down 3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $190.5K | -1.0% |
| 3 Bedrooms | $317.5K | $296.2K | -6.7% |
| 4 Bedrooms | $335K | $385K | +14.9% |
| 5+ Bedrooms | $339.9K | $352.5K | +3.7% |
Summary: Delmar housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Laurel-Delmar | $309K | $310K | 0.3% |
| Delmar | $329.9K | $320K | -3.0% |
Housing Supply in Delmar, DE
How many homes are available in Delmar, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Delmar real estate market had 17 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Delmar housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Delmar, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Delmar in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Delmar, DE
How long does it take to sell a home in Delmar, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 45 Days | -23.6% |
Summary: Homes in Delmar had an average of 45 days on market in Oct 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Delmar are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Delmar; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
