$3,918 Closing Credit*
$329,900
2,088 SqFt
3 Beds
•3 Full Baths
Jeffrey Alan Hart, Listing Office: ERA Martin Associates
Is Delmar, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Delmar was a Seller's Market.
Key Takeaway
Delmar is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Delmar, MD
How much do homes in Delmar, MD cost?
Median Sold Price
$280,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-1.8%)
Key Takeaway
Homes in Delmar have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Delmar was $280,000 in October 2024, down 1.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $240K | +11.6% |
| 3 Bedrooms | $279K | $269.9K | -3.2% |
| 4 Bedrooms | $340K | $315K | -7.4% |
| 5+ Bedrooms | $330K | $313K | -5.2% |
Summary: Delmar 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 11.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Laurel-Delmar | $309K | $310K | 0.3% |
| Delmar | $285K | $280K | -1.8% |
| Delmar | $329.9K | $320K | -3.0% |
Housing Supply in Delmar, MD
How many homes are available in Delmar, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Delmar real estate market had 19 homes for sale in October 2024, a 5.0% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Delmar 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Delmar in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 104 Days | +1735.3% |
Summary: Homes in Delmar had an average of 104 days on market in Oct 2024, up by 1735.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Delmar are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Delmar; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
