Delaware real estate home listing prices are on the rise

Delaware real estate home listing prices are on the rise
Delaware real estate home listing prices are on the rise
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Median home listings in Delaware are on the rise.

According to analysis of data from Realtor.com, in New Castle County the median home was listed for $449,250 in April, up 7% from the previous month’s $419,863. The median home in Kent County listed for $426,400 in April, up 1.2% from the previous month’s $421,450. And in Sussex County, the median home listed for $564,088 in April, up 2.6% from the previous month’s $550,000.

Compared with April 2023, the median home list price increased 3.8% from $431,445 in New Castle County, increased 4.6% from $409,500 in Kent County and decreased by 3.6% from $582,990 in Sussex County.

The statistics in this article pertain only to houses listed for sale, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.delawareonline.com

The median home prices issued by Realtor.com may exclude many, or even most, of a market’s homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.

Philadelphia region home prices

Across the Philadelphia-Camden-Wilmington metro area, median home prices rose to $369,950, up 0.1% from a month earlier. The median home had 1,604 square feet, at a list price of $225 per square foot.

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In Delaware, median home prices were $499,945, a slight increase from March. The median Delaware home listed for sale had 2,157 square feet, with a price of $234 per square foot.

Throughout the United States, the median home price was $429,950, a slight increase from the month prior. The median American home for sale was listed at 1,840 square feet, with a price of $230 per square foot.

The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what’s happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.

 
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