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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware County is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Delaware County 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 County, NY

How much do homes in Delaware County, NY cost?

Median Sold Price

$235,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+9.3%)

Key Takeaway

Homes in Delaware County have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Delaware County was $235,000 in October 2024, up 9.3% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $162.5K$215K
+32.3%
2 $205K$206.2K
+0.6%
3 $218K$249.5K
+14.4%
4 $230K$245K
+6.5%
5+ $270K$245K
-9.3%

Summary: Delaware County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.3%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Counties

Sullivan County
+13.5%
Otsego County
+10.8%
Delaware County
+9.3%
Schoharie County
+5.3%

Housing Supply in Delaware County, NY

How many homes are available in Delaware County, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
273276+1.1%

Summary: The Delaware County real estate market had 276 homes for sale in October 2024, a 1.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 117
-36.4%
2 4945
-8.2%
3 115115
0.0%
4 5159
+15.7%
5+ 4750
+6.4%

Summary: The Delaware County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 36.4%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 6.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3542+20.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delaware County, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Delaware County in October 2024, up by 20.0% month-over-month. Of the 42 sold homes, 55% were sold under asking, 19% were sold at asking, and 26% were sold over asking.

Days on Market for Delaware County, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days47 Days-4.4%

Summary: Homes in Delaware County had an average of 47 days on market in Oct 2024, down by 4.4% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 42 homes were sold in Delaware County; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% 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 22 Days Ago

Newest Listings in Delaware County, NY

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