$3,859 Closing Credit*
$325,000
2,556 SqFt
2 Beds
•2 Full Baths
Eileen O'Brien Metzger, Listing Office: CENTURY 21 Scheetz
Is Delaware Trails, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Delaware Trails has remained a Seller's 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
$320,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.7%)
Key Takeaway
Homes in Delaware Trails have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Delaware Trails was $320,000 in October 2024, up 6.7% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $143.7K | $118K | -17.9% |
| 3 Bedrooms | $305.5K | $324K | +6.0% |
| 4 Bedrooms | $363.1K | $375K | +3.3% |
| 5+ Bedrooms | $1.2M | $700K | -42.2% |
Summary: Delaware Trails 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 decreased by 17.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 42.2%.
Housing Supply in Delaware Trails, IN
How many homes are available in Delaware Trails, IN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The Delaware Trails real estate market had 32 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Delaware Trails 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 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delaware Trails, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Delaware Trails in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 19 Days | -12.5% |
Summary: Homes in Delaware Trails had an average of 19 days on market in Oct 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Delaware Trails are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Delaware Trails; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.