Is Delaware County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Delaware County has remained a Seller's Market.
Housing Prices in Delaware County, PA
How much do homes in Delaware County, PA cost?
Median Sold Price
$334,571
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Delaware County was $334,571 in April 2024, up 5.5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $150K | +7.1% |
2 Bedrooms | $231K | $261.8K | +13.3% |
3 Bedrooms | $257.6K | $275.4K | +6.9% |
4 Bedrooms | $500.7K | $520.8K | +4.0% |
5+ Bedrooms | $825K | $830.5K | +0.7% |
Summary: Delaware County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Counties
Gloucester County | $290.6K | $318.1K | +9.5% |
Delaware County | $317.2K | $334.5K | +5.5% |
New Castle County | $329.8K | $345K | +4.6% |
Montgomery County | $409.6K | $425.2K | +3.8% |
Philadelphia County | $269.7K | $258.6K | -4.1% |
Housing Supply in Delaware County, PA
How many homes are available in Delaware County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,542 | 1,652 | +7.1% |
Summary: The Delaware County real estate market had 1,652 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 36 | +2.9% |
2 Bedrooms | 172 | 169 | -1.7% |
3 Bedrooms | 768 | 779 | +1.4% |
4 Bedrooms | 376 | 425 | +13.0% |
5+ Bedrooms | 191 | 243 | +27.2% |
Summary: The Delaware County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 27.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
456 | 417 | -8.6% |
Asking Price vs. Sold Price
117 Homes Were Sold
Under Asking
87 Homes Were Sold
At Asking
213 Homes Were Sold
Over Asking
Summary: A total of 417 homes were sold or pending in Delaware County in April 2024, down by 8.6% month-over-month. Of the 417 sold homes, 28% were sold under asking, 21% were sold at asking, and 51% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 15 Days | -37.3% |
Summary: Homes in Delaware County had an average of 15 days on market in Apr 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
364 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 417 homes were sold in Delaware County; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.