$4,156 Closing Credit*
$350,000
2,656 SqFt
4 Beds
•3 Full Baths
Danielle Bussard, Listing Office: Cummings & Co. Realtors
Is Delmar, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Delmar was a Seller's Market.
Key Takeaway
Delmar is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Delmar, MD
How much do homes in Delmar, MD cost?
Median Sold Price
$283,750
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,250(-1.1%)
Key Takeaway
Homes in Delmar have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Delmar was $283,750 in November 2024, down 1.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $240K | +11.6% |
| 3 Bedrooms | $281.5K | $272.5K | -3.2% |
| 4 Bedrooms | $340K | $325K | -4.4% |
| 5+ Bedrooms | $415K | $231.5K | -44.2% |
Summary: Delmar housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 44.2%.
Median Sold Price Compared To Nearby Cities
| Laurel-Delmar | $307K | $310K | +1.0% |
| Delmar | $287K | $283.7K | -1.1% |
Housing Supply in Delmar, MD
How many homes are available in Delmar, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Summary: The Delmar real estate market had 26 homes for sale in November 2024, a 30.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Delmar housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delmar, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Delmar in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 49 Days | +80.3% |
Summary: Homes in Delmar had an average of 49 days on market in Nov 2024, up by 80.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Delmar are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Delmar; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
