$2,529 Closing Credit*
$213,000
1,250 SqFt
2 Beds
•2 Full Baths, 1 Partial
Tommy Burdett IV, Listing Office: Keller Williams Realty
Is Laurel-Delmar, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Laurel-Delmar was a Neutral Market.
Key Takeaway
Laurel-Delmar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Laurel-Delmar, DE
How much do homes in Laurel-Delmar, DE cost?
Median Sold Price
$310,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,000(+0.3%)
Key Takeaway
The sold price of homes in Laurel-Delmar has remained the same since last year.
Summary: The median home sold price in Laurel-Delmar was $310,000 in October 2024, up 0.3% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $68.6K | N/A |
| 2 Bedrooms | $230K | $177.5K | -22.8% |
| 3 Bedrooms | $301.2K | $304.5K | +1.1% |
| 4 Bedrooms | $345K | $364.5K | +5.7% |
| 5+ Bedrooms | $320.9K | $346K | +7.8% |
Summary: Laurel-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 22.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Laurel | $285.5K | $300K | +5.1% |
| Parsonsburg | $262.5K | $272.5K | +3.8% |
| Laurel-Delmar | $309K | $310K | 0.3% |
| Delmar | $329.9K | $320K | -3.0% |
Housing Supply in Laurel-Delmar, DE
How many homes are available in Laurel-Delmar, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 105 | 95 | -9.5% |
Summary: The Laurel-Delmar real estate market had 95 homes for sale in October 2024, a 9.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 65 | 55 | -15.4% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Laurel-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 increased by 22.2%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 18 | -35.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel-Delmar, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Laurel-Delmar in October 2024, down by 35.7% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 45 Days | -57.8% |
Summary: Homes in Laurel-Delmar had an average of 45 days on market in Oct 2024, down by 57.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel-Delmar are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Laurel-Delmar; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
