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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delevan is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Delevan, NY

How much do homes in Delevan, NY cost?

Median Sold Price

$200,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,250(+24.4%)

Key Takeaway

Homes in Delevan have sold for 24.4% more than they did a year ago.

Summary: The median home sold price in Delevan was $200,000 in October 2024, up 24.4% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $24.9K-
N/A
2 $137K$145K
+5.8%
3 $148.7K$182K
+22.4%
4 $192.5K$252.4K
+31.1%
5+ $99K$275K
+177.8%

Summary: Delevan 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 5.8%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 177.8%.

Median Sold Price Compared To Nearby Cities

Delevan
+24.4%
Yorkshire
+13.2%

Housing Supply in Delevan, NY

How many homes are available in Delevan, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97-22.2%

Summary: The Delevan real estate market had 7 homes for sale in October 2024, a 22.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 43
-25.0%
4 22
0.0%
5+ 10
-100.0%

Summary: The Delevan 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were 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 Delevan, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Delevan in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Delevan, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days26 Days+81.4%

Summary: Homes in Delevan had an average of 26 days on market in Oct 2024, up by 81.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Delevan are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Delevan; 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 20 Days Ago

Newest Listings in Delevan, NY

Nearby Markets to Delevan, NY