Is Delavan, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delavan is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Delavan has remained a Seller's Market.

Key Takeaway

Delavan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Delavan, IL

How much do homes in Delavan, IL cost?

Median Sold Price

$157,000

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,750(+25.3%)

Key Takeaway

Homes in Delavan have sold for 25.3% more than they did a year ago.

Summary: The median home sold price in Delavan was $157,000 in November 2024, up 25.3% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $175K-
N/A
2 $63K$82.5K
+31.0%
3 $125K$160K
+28.0%
4 $125K$148K
+18.4%
5+ $349.5K$229K
-34.5%

Summary: Delavan 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 increased by 31%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 34.5%.

Median Sold Price Compared To Nearby Cities

Delavan
+25.3%
Delavan Township
+25.3%

Housing Supply in Delavan, IL

How many homes are available in Delavan, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
910+11.1%

Summary: The Delavan real estate market had 10 homes for sale in November 2024, a 11.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 23
+50.0%
4 12
+100.0%
5+ 21
-50.0%

Summary: The Delavan housing inventory by bedroom type for November 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delavan, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Delavan in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
58 Days5 Days-91.5%

Summary: Homes in Delavan had an average of 5 days on market in Nov 2024, down by 91.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Delavan are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Delavan; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Delavan, IL

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