Delaware Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

January 1st, 2022
Updated January 1st, 2022

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Delaware real estate trends

Real estate trends in Delaware | Sellers | Buyers | Investors | The best and worst of Delaware | Delaware resources

Delaware real estate trends (January 2022)

How is the real estate market in Delaware?
🏠 Average home value: $327,277
📈 1.22% home value increase month over month
💰 Median sale price: $298,000
⏳ 62 days on the market
🔑 Homes on the market: 1,608
📆 0.6 months of housing inventory
🏦 30-year mortgage rate: 3.00%
💵 Average income: 68287
State of the market: B
Despite very low inventory, listing prices have recently declined and time on market is increasing, which suggests that buyers are waiting for more reasonably priced properties.
*Data last updated January 2022

There's more to Delaware than meets the eye. The small mid-Atlantic state contains gentle hills, three state forests, and a beachy coast that attracts visitors from across the nation. In fact, Delaware's beaches welcome more than 10 million visitors in a given year, making tourism one of the state's biggest industries.

Beyond the tourist trade, Delaware is a popular retirement destination with plenty of communities that offer a small town charm. Depending on where you live, Delaware offers highly rated public schools and a relatively affordable cost of living for families, too.

If you're thinking of buying or selling in Delaware, these Delaware housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Delaware

Delaware real estate market forecast for sellers
⏰ Homes are selling 10 days faster than the annual average
💰 Homes are selling for $20,608 more than the annual average
💸 Average listing commission: 2.90%
💸 Average buyer's commission: 2.80%

How to sell a home in Delaware

Cost to sell a home in Delaware

💰 Save thousands on realtor fees with Clever

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Buying a home in Delaware

How much home you can buy with $300,000 in...
🏠 Dover: 1,783 sq ft
🏡 : sq ft
🏡 : sq ft
🏠 : sq ft

Investing in Delaware real estate

Best of Delaware

Each month, we compare cities in Delaware based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Delaware
1. Dover
2. Pike Creek
3. Elsmere

Ready to buy a home in Delaware? Eligible buyers get cash back with Clever!

Worst of Delaware

Each month, we compare cities in Delaware based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Delaware
1. Newark
2. Wilmington
3. Smryna

Delaware resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Frequently asked questions about Delaware real estate

</p><p>Delaware is a good state to invest in, especially in bigger cities like Wilmington and Dover, where people are always looking for housing. But if you want to make the most out of your investment, you have to first find the best neighborhoods to buy in and then create a detailed plan on how to manage the property you buy. Check out our guide to <a href="/real-estate-blog/real-estate-investing-guide/" rel="noopener noreferrer" target="_blank">real estate investing</a> to find out more.<br>

</p><p>For some buyers, it is a <a href="/real-estate-blog/best-time-to-buy-a-house-in-delaware/" rel="noopener noreferrer" target="_blank">good time to buy a house in Delaware</a>. Although listing prices are a bit higher than normal, the final sales price is often much lower, meaning sellers are willing to accept lower offers. Add that to the low mortgage rates in the state, and could get a great deal. For the best results, you should work with one of the top real estate agents in the state.<br>

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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