Is Delhi, LA 71232 a buyer’s or seller’s market?
Delhi is a balanced market. With about 4.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Delhi housing market right now
In the three months ending August 31, 2026, 0% of homes in Delhi, LA 71232 sold above their list price, the typical home went under contract in 63 days and there were 4.6 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. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (54 days then) and the median sale price fell 54% to $158,931. Overall, Delhi is less competitive than a year ago, which gives buyers more room.
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Questions about Delhi real estate
Is Delhi a buyer’s or seller’s market?
A balanced market: there were 4.6 months of supply in Delhi, LA 71232 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 63 days in the latest three months.
Do homes in Delhi sell over asking?
0% of homes sold above their original list price.
What are property taxes in Delhi?
About 0.33% of a home’s value a year in Madison Parish, or roughly $1,320 on a $400,000 home.
What is the median home price in Delhi?
The median sale price was $158,931 in the three months ending August 31, 2026, about $91 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