Is Delavan, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delavan is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Delavan, WI

How much do homes in Delavan, WI cost?

Median Sold Price

$297,500

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,500(+0.8%)

Key Takeaway

Homes in Delavan have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Delavan was $297,500 in November 2024, up 0.8% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $199K$120K
-39.7%
2 $231K$253.2K
+9.6%
3 $306K$315K
+2.9%
4 $343K$370K
+7.9%
5+ $620K$1.3M
+125.8%

Summary: Delavan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.7%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 125.8%.

Housing Supply in Delavan, WI

How many homes are available in Delavan, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7881+3.8%

Summary: The Delavan real estate market had 81 homes for sale in November 2024, a 3.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 89
+12.5%
2 2224
+9.1%
3 2828
0.0%
4 1514
-6.7%
5+ 56
+20.0%

Summary: The Delavan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1911-42.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delavan, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Delavan in November 2024, down by 42.1% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.

Days on Market for Delavan, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 2 Days Ago

Newest Listings in Delavan, WI

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