Is Delaware Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Delaware Township, IN

How much do homes in Delaware Township, IN cost?

Median Sold Price

$344,880

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,692(+3.8%)

Key Takeaway

Homes in Delaware Township have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Delaware Township was $344,880 in October 2024, up 3.8% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K-
N/A
2 $259.5K$279.5K
+7.7%
3 $320.3K$330K
+3.0%
4 $399.9K$395K
-1.2%
5+ $495K$546.5K
+10.4%

Summary: Delaware Township 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 increased by 7.7%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Cities

Clay Township
+9.3%
Carmel
+7.5%
Delaware Township
+3.8%
Noblesville
+1.4%
Fishers
+0.8%

Housing Supply in Delaware Township, IN

How many homes are available in Delaware Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147132-10.2%

Summary: The Delaware Township real estate market had 132 homes for sale in October 2024, a 10.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3034
+13.3%
3 6053
-11.7%
4 4836
-25.0%
5+ 88
0.0%

Summary: The Delaware Township 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 13.3%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3735-5.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delaware Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Delaware Township in October 2024, down by 5.4% month-over-month. Of the 35 sold homes, 57% were sold under asking, 20% were sold at asking, and 23% were sold over asking.

Days on Market for Delaware Township, IN

How long does it take to sell a home in Delaware Township, IN?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days50 Days+202.8%

Summary: Homes in Delaware Township had an average of 50 days on market in Oct 2024, up by 202.8% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 35 homes were sold in Delaware Township; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% 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 20 Days Ago

Newest Listings in Delaware Township, IN

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