Is Delhi, IA 52223 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Delhi is a balanced market. With about 5.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.2Under 4 months = seller’s market
Sold above original list15.4%Share of sales, last 3 months
Median sale-to-list95.3%Sold price ÷ list price
Median days on market52Listing to accepted offer
Median price per sq ft$242▲ +13.2% vs. last year

The Delhi housing market right now

In the three months ending August 31, 2026, 15% of homes in Delhi, IA 52223 sold above their list price, the typical home went under contract in 52 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 13 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (72 days then) and the median sale price rose 30% to $499,784. Overall, Delhi is more competitive than a year ago, so tougher for buyers.

Within Delaware County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 50%.

Nearby, buyers who want less competition could look at Ryan 52330 (0% sold over asking) or Earlville 52041 (0% sold over asking), while Dyersville 52040 (28% sold over asking) and Hopkinton 52237 (25% sold over asking) are even more competitive.

Nearby markets

Delaware 52036 — /sq ftDundee 52038 $192 /sq ftDyersville 52040Seller’s market $126 /sq ftEarlville 52041Buyer’s market $115 /sq ft Browse all markets →

Where Delhi is

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Questions about Delhi real estate

Is Delhi a buyer’s or seller’s market?

A balanced market: there were 5.2 months of supply in Delhi, IA 52223 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Delhi?

The typical home went under contract in 52 days in the latest three months.

Do homes in Delhi sell over asking?

15% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.

What are property taxes in Delhi?

About 1.34% of a home’s value a year in Delaware County, or roughly $5,360 on a $400,000 home.

What is the median home price in Delhi?

The median sale price was $499,784 in the three months ending August 31, 2026, about $242 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology