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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delaware County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Delaware County, PA

How much do homes in Delaware County, PA cost?

Median Sold Price

$350,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,157(+7.4%)

Key Takeaway

Homes in Delaware County have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Delaware County was $350,000 in November 2024, up 7.4% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $151K$154.9K
+2.6%
2 $250K$273K
+9.2%
3 $273K$289.8K
+6.2%
4 $518.3K$533.8K
+3.0%
5+ $825K$869K
+5.3%

Summary: Delaware County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Counties

Gloucester County
+10.0%
Delaware County
+7.4%
New Castle County
+7.0%
Montgomery County
+5.7%
Philadelphia County
+3.7%

Housing Supply in Delaware County, PA

How many homes are available in Delaware County, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,7081,605-6.0%

Summary: The Delaware County real estate market had 1,605 homes for sale in November 2024, a 6.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4238
-9.5%
2 166164
-1.2%
3 818767
-6.2%
4 434411
-5.3%
5+ 248225
-9.3%

Summary: The Delaware County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.5%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 9.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
529385-27.2%

Asking Price vs. Sold Price

153 Homes Were Sold
Under Asking

88 Homes Were Sold
At Asking

144 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. 39.7% of homes here sold below asking price last month.

Summary: A total of 385 homes were sold or pending in Delaware County in November 2024, down by 27.2% month-over-month. Of the 385 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.

Days on Market for Delaware County, PA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days24 Days+16.4%

Summary: Homes in Delaware County had an average of 24 days on market in Nov 2024, up by 16.4% compared to last year.

Breakdown of Home Sale Times

296 Homes Were Sold
Under 30 Days

71 Homes Were Sold
In 30 - 90 Days

18 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 November 2024, 385 homes were sold in Delaware County; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% 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 County, PA

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