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 Last Month

Since last month, 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

$295,000

$122/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$157,000(+113.8%)

Key Takeaway

Homes in Delavan have sold for 113.8% more than they did a month ago.

Summary: The median home sold price in Delavan was $295,000 in December 2024, up 113.8% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $106.5K$125K
+17.4%
3 -$344.9K
N/A
4 $148K-
N/A
5+ -$295K
N/A

Summary: Delavan housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Delavan
+113.8%
Delavan Township
+113.8%

Housing Supply in Delavan, IL

How many homes are available in Delavan, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1110-9.1%

Summary: The Delavan real estate market had 10 homes for sale in December 2024, a 9.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 34
+33.3%
4 21
-50.0%
5+ 22
0.0%

Summary: The Delavan housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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 December 2024, the same as the previous 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

Nov 2024Dec 2024CHANGE
5 Days5 Days+13.3%

Summary: Homes in Delavan had an average of 5 days on market in Dec 2024, up by 13.3% compared to last month.

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 December 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 4 Days Ago

Newest Listings in Delavan, IL

Nearby Markets to Delavan, IL