Is Delanson, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delanson is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Delanson, NY

How much do homes in Delanson, NY cost?

Median Sold Price

$329,950

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$104,950(+46.6%)

Key Takeaway

Homes in Delanson have sold for 46.6% more than they did a year ago.

Summary: The median home sold price in Delanson was $329,950 in October 2024, up 46.6% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $245K-
N/A
2 $133.4K$157.5K
+18.0%
3 $225K$330K
+46.7%
4 $235K$380K
+61.7%
5+ $287K$400K
+39.4%

Summary: Delanson 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 18%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 61.7%, and 5+ bedroom homes increased by 39.4%.

Median Sold Price Compared To Nearby Cities

Delanson
+46.6%
Duanesburg
+26.0%

Housing Supply in Delanson, NY

How many homes are available in Delanson, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2318-21.7%

Summary: The Delanson real estate market had 18 homes for sale in October 2024, a 21.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 129
-25.0%
4 54
-20.0%
5+ 42
-50.0%

Summary: The Delanson 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 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delanson, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Delanson in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for Delanson, NY

How long does it take to sell a home in Delanson, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days15 Days+103.1%

Summary: Homes in Delanson had an average of 15 days on market in Oct 2024, up by 103.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Delanson; 71% of homes were sold within 30 days, 29% 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 16 Days Ago

Newest Listings in Delanson, NY

Nearby Markets to Delanson, NY