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 September 2023

At the same time last year, Delavan was a Neutral 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

$160,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$45,000(+39.1%)

Key Takeaway

Homes in Delavan have sold for 39.1% more than they did a year ago.

Summary: The median home sold price in Delavan was $160,000 in September 2024, up 39.1% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $175K-
N/A
2 $63K$60K
-4.8%
3 $107.5K$160K
+48.8%
4 $125K$148.9K
+19.2%
5+ $349.5K$309.5K
-11.4%

Summary: Delavan housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 48.8%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Cities

Delavan
+39.1%
Delavan Township
+30.3%

Housing Supply in Delavan, IL

How many homes are available in Delavan, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1213+8.3%

Summary: The Delavan real estate market had 13 homes for sale in September 2024, a 8.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 87
-12.5%
4 22
0.0%
5+ 12
+100.0%

Summary: The Delavan housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Delavan in September 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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

Sep 2023Sep 2024CHANGE
3 Days31 Days+942.9%

Summary: Homes in Delavan had an average of 31 days on market in Sep 2024, up by 942.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 7 homes were sold in Delavan; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 29 Days Ago

Newest Listings in Delavan, IL

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