The Delaware Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Delaware

💡 Key Delaware housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $374,252[1]#21 of 50 states5.7% higher
Median Listing Price $495,000[2]#15 of 50 states13.2% higher
Median Sale Price $376,200[3]#24 of 50 states3.5% lower
30 Year Mortgage Rate 6.85%[4]#6 of 50 states1.8% lower
Median Days on Market 47[5]#21 of 50 states5.8% shorter
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🗺️ Buying a house in the Delaware real estate market

Delaware has an affordability score of 5.4, meaning it takes 5.4 years of the median household income ($69,110) to afford Delaware's median home sale price ($376,200). Because of this, we rank Delaware as the 24th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $376,200[6]#24 of 50 states3.5% lower
30 Year Mortgage Rate 6.85%[7]#6 of 50 states1.8% lower
Median Household Income $69,110[8]#16 of 50 states7.1% higher
Affordability Ratio 5.4#24 of 50 states9% lower
Buyers Agent Commission 2.44%[9]#9 of 50 states8.8% lower
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Resources for Delaware home buyers

🗺️ Selling a house in the Delaware real estate market

According to our detailed survey of Delaware real estate agents, listing agents (those representing the seller) charge an average commission in Delaware of 2.44%, which is the 2nd lowest in the United States. Buyers' agents charge an average commission of 2.44%, which is the 9th lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $495,000[10]#15 of 50 states13.2% higher
Median Sale Price $376,200[11]#24 of 50 states3.5% lower
Median Days on Market 47[12]#21 of 50 states5.8% shorter
Buyer's Agent Commission 2.44%[13]#9 of 50 states8.8% lower
Listing Agent Commission 2.44%[14]#2 of 50 states14.6% lower
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Resources for Delaware home sellers

Moving to Delaware

According to our recent moving trends survey[15], 6% of Americans indicated that they would choose to move to Delaware if money were no object.

Here's how Delaware cities rank in a number of our research studies.

StudyBest Delaware cityRank
Best Pizza Cities[16]No ranking Delaware citiesNo ranking Delaware cities
Best Coffee Cities[17]No ranking Delaware citiesNo ranking Delaware cities
Best LGBTQ Cities[18]No ranking Delaware citiesNo ranking Delaware cities
Best Bike Cities[19]No ranking Delaware citiesNo ranking Delaware cities
Best Commuter Cities[20]No ranking Delaware citiesNo ranking Delaware cities
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated February 29, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated February 2024.
[4] Bankrate – "Bankrate". Updated April 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated February 2024.
[7] Bankrate – "Bankrate". Updated April 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated April 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated February 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated April 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated April 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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