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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware Trails is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Delaware Trails was a Neutral Market.

Key Takeaway

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

Housing Prices in Delaware Trails, IN

How much do homes in Delaware Trails, IN cost?

Median Sold Price

$315,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,000(+5.0%)

Key Takeaway

Homes in Delaware Trails have sold for 5% more than they did a year ago.

Summary: The median home sold price in Delaware Trails was $315,000 in September 2024, up 5% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$90K
N/A
2 $135.7K$119.5K
-12.0%
3 $302.7K$307.2K
+1.5%
4 $356.2K$373.7K
+4.9%
5+ $1.3M$700K
-49.3%

Summary: Delaware Trails 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 12%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 49.3%.

Housing Supply in Delaware Trails, IN

How many homes are available in Delaware Trails, IN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3029-3.3%

Summary: The Delaware Trails real estate market had 29 homes for sale in September 2024, a 3.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1515
0.0%
4 34
+33.3%
5+ 42
-50.0%

Summary: The Delaware Trails 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delaware Trails, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Delaware Trails in September 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Delaware Trails, IN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
23 Days36 Days+57.1%

Summary: Homes in Delaware Trails had an average of 36 days on market in Sep 2024, up by 57.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 8 homes were sold in Delaware Trails; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 30 Days Ago

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