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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Delaware has remained a Buyer's Market.

Key Takeaway

Delaware is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Delaware, NY

How much do homes in Delaware, NY cost?

Median Sold Price

$190,000

$126/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$59,900(-24.0%)

Key Takeaway

Homes in Delaware have sold for 24% less than they did a month ago.

Summary: The median home sold price in Delaware was $190,000 in September 2024, down 24% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 -$190K
N/A
5+ $249.9K-
N/A

Summary: Delaware housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Delaware, NY

How many homes are available in Delaware, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2021+5.0%

Summary: The Delaware real estate market had 21 homes for sale in September 2024, a 5.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 67
+16.7%
4 89
+12.5%
5+ 65
-16.7%

Summary: The Delaware housing inventory by bedroom type for September 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 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Delaware in September 2024, the same as the previous 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 Delaware, NY

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

Average Sale Time

Aug 2024Sep 2024CHANGE
328 Days108 Days-67.1%

Summary: Homes in Delaware had an average of 108 days on market in Sep 2024, down by 67.1% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Delaware are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 1 homes were sold in Delaware; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Delaware, NY

Nearby Markets to Delaware, NY

What housing markets are near Delaware, NY?