Is Delaware, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Delaware has remained a Seller's Market.
Key Takeaway
Delaware is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delaware, OH
How much do homes in Delaware, OH cost?
Median Sold Price
$401,266
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Delaware have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Delaware was $401,266 in May 2024, up 8.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $408.1K | $112.7K | -72.4% |
| 2 Bedrooms | $228K | $287K | +25.9% |
| 3 Bedrooms | $325K | $339.9K | +4.6% |
| 4 Bedrooms | $433.2K | $469.3K | +8.3% |
| 5+ Bedrooms | $700K | $694.3K | -0.8% |
Summary: Delaware housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.4%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Delaware | $370K | $401.2K | +8.5% |
| Berlin Township | $565K | $612.5K | +8.4% |
| Delaware City Township | $330K | $335.7K | +1.8% |
| Delaware Township | $399.9K | $400.3K | 0.1% |
Housing Supply in Delaware, OH
How many homes are available in Delaware, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 233 | 261 | +12.0% |
Summary: The Delaware real estate market had 261 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 95 | 107 | +12.6% |
| 4 Bedrooms | 80 | 88 | +10.0% |
| 5+ Bedrooms | 36 | 44 | +22.2% |
Summary: The Delaware housing inventory by bedroom type for May 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 12.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 82 | +13.9% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delaware, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.
Summary: A total of 82 homes were sold or pending in Delaware in May 2024, up by 13.9% month-over-month. Of the 82 sold homes, 38% were sold under asking, 21% were sold at asking, and 41% were sold over asking.
Days on Market for Delaware, OH
How long does it take to sell a home in Delaware, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 34 Days | +36.2% |
Summary: Homes in Delaware had an average of 34 days on market in May 2024, up by 36.2% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delaware are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 82 homes were sold in Delaware; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.