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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Delaware was a Buyer's Market.

Key Takeaway

Delaware 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 Delaware, NY

How much do homes in Delaware, NY cost?

Median Sold Price

$275,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$45,000(-14.1%)

Key Takeaway

Homes in Delaware have sold for 14.1% less than they did a year ago.

Summary: The median home sold price in Delaware was $275,000 in November 2024, down 14.1% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $152.7K-
N/A
2 $170K$165K
-2.9%
3 $320K$329K
+2.8%
4 $352.8K$309.7K
-12.2%
5+ $1.0M$275K
-72.9%

Summary: Delaware 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 decreased by 2.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 72.9%.

Housing Supply in Delaware, NY

How many homes are available in Delaware, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2120-4.8%

Summary: The Delaware real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 99
0.0%
4 64
-33.3%
5+ 66
0.0%

Summary: The Delaware 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delaware, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Delaware in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Delaware, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days42 Days-7.7%

Summary: Homes in Delaware had an average of 42 days on market in Nov 2024, down by 7.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Delaware; 67% of homes were sold within 30 days, 33% 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 Delaware, NY

Nearby Markets to Delaware, NY

What housing markets are near Delaware, NY?