Is Delmar, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Delmar was a Seller's Market.
Housing Prices in Delmar, MD
How much do homes in Delmar, MD cost?
Median Sold Price
$288,750
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Delmar was $288,750 in May 2024, up 3.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $171.9K | -25.2% |
3 Bedrooms | $275K | $276K | 0.4% |
4 Bedrooms | $335K | $345K | +3.0% |
5+ Bedrooms | $330K | $313K | -5.2% |
Summary: Delmar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Laurel-Delmar | $297.4K | $312K | +4.9% |
Delmar | $279K | $288.7K | +3.5% |
Housing Supply in Delmar, MD
How many homes are available in Delmar, MD?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Summary: The Delmar real estate market had 31 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 26 | 21 | -19.2% |
4 Bedrooms | 2 | 7 | +250.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Delmar housing inventory by bedroom type for May 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 19.2%, 4 bedroom homes increased by 250%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 3 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Delmar in May 2024, down by 66.7% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Delmar, MD
How long does it take to sell a home in Delmar, MD?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 5 Days | -55.9% |
Summary: Homes in Delmar had an average of 5 days on market in May 2024, down by 55.9% compared to last year.
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
Summary: During May 2024, 3 homes were sold in Delmar; 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.