Is Delton, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delton is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Delton has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Delton, MI

How much do homes in Delton, MI cost?

Median Sold Price

$294,500

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,050(+19.0%)

Key Takeaway

Homes in Delton have sold for 19% more than they did a year ago.

Summary: The median home sold price in Delton was $294,500 in November 2024, up 19% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$135K
-18.2%
2 $245K$275K
+12.2%
3 $235K$276K
+17.4%
4 $334K$425K
+27.2%
5+ $292.4K$399K
+36.4%

Summary: Delton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 27.2%, and 5+ bedroom homes increased by 36.4%.

Median Sold Price Compared To Nearby Cities

Barry Township
+42.2%
Delton
+19.0%
Hope Township
+11.5%
Orangeville Township
-2.8%

Housing Supply in Delton, MI

How many homes are available in Delton, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2623-11.5%

Summary: The Delton real estate market had 23 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 118
-27.3%
4 88
0.0%
5+ 12
+100.0%

Summary: The Delton 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 decreased by 16.7%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delton, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Delton in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Delton, MI

How long does it take to sell a home in Delton, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days33 Days+118.3%

Summary: Homes in Delton had an average of 33 days on market in Nov 2024, up by 118.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Delton; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Delton, MI

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