$3,741 Closing Credit*
$315,000
1,200 SqFt
3 Beds
•2 Full Baths
Rebecca S Reynolds, Listing Office: Delaware Homes Inc
Is Laurel-Delmar, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Laurel-Delmar was a Seller's Market.
Key Takeaway
Laurel-Delmar is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Laurel-Delmar, DE
How much do homes in Laurel-Delmar, DE cost?
Median Sold Price
$310,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+1.0%)
Key Takeaway
Homes in Laurel-Delmar have sold for 1% more than they did a year ago.
Summary: The median home sold price in Laurel-Delmar was $310,000 in November 2024, up 1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $68.6K | N/A |
| 2 Bedrooms | $227K | $177.5K | -21.8% |
| 3 Bedrooms | $300K | $310K | +3.3% |
| 4 Bedrooms | $363.7K | $352.4K | -3.1% |
| 5+ Bedrooms | $320.9K | $337K | +5.0% |
Summary: Laurel-Delmar housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Laurel | $285.5K | $301K | +5.4% |
| Laurel-Delmar | $307K | $310K | +1.0% |
Housing Supply in Laurel-Delmar, DE
How many homes are available in Laurel-Delmar, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 93 | -3.1% |
Summary: The Laurel-Delmar real estate market had 93 homes for sale in November 2024, a 3.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 56 | 56 | 0.0% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Laurel-Delmar housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel-Delmar, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Laurel-Delmar in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 43 Days | -20.6% |
Summary: Homes in Laurel-Delmar had an average of 43 days on market in Nov 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Laurel-Delmar are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Laurel-Delmar; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
