As we move towards summer, Delaware, Ohio's housing market continues to demonstrate robust activity and growth. With home values on the rise and properties moving swiftly, both buyers and sellers are navigating a dynamic landscape. Here's an overview of the latest trends:
📊 Key Market Metrics
-
Average Home Value: $402,409, reflecting a 2.0% increase over the past year. Zillow+1 Zillow+1
-
Median List Price: $426,600 as of April 30, 2025. Zillow
-
Median Sale Price: $345,458 as of March 31, 2025. Zillow
-
Median Days to Pending: 12 days, indicating a swift-moving market. Zillow+2 Zillow+2 Zillow+2
-
Sale-to-List Price Ratio: 0.982, suggesting homes are selling close to their listing prices.
-
Inventory: 2,728 homes were listed for sale, with 1,087 new listings added in April. Zillow
-
Sales Over List Price: 20.6% of homes sold above their list price. Zillow
-
Sales Under List Price: 59.8% of homes sold below their list price. Zillow
🔍 Market Insights
The Delaware housing market is experiencing steady appreciation, with average home values increasing compared to the previous year. Homes are selling faster, with a median of 12 days to pending, highlighting strong buyer demand. While the number of homes sold above list price is notable, a significant portion still sells below, indicating opportunities for negotiation.
🏠 Looking Ahead
As we progress through spring, the Delaware housing market is expected to maintain its momentum. For sellers, this is an opportune time to list, given the rising home values and quick sales. Buyers should be prepared to act swiftly and work with local real estate professionals to navigate the competitive landscape.
📧 Email: [email protected]
📞 Phone: (740) 341-2636
🌐 Website: MoreOhio.com
Whether you're considering buying or selling in Delaware, staying informed about the latest market trends is crucial. Reach out to discuss your real estate goals and how to make the most of the current market conditions.
