Delaware started 2024 with a total of 1,392 single-family homes on the market, with a median home price of $497,500 and an average price per square foot of $272.23. By the end of the year, inventory had increased to 1,726 homes on the market (+24%), with a median home price of $509,999.5 (+3%), and an average price per square foot of $271 (-1%).
At the start of 2024, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 91 days.
Delaware started the year with 31.90% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 34.18% of homes for sale had taken a price cut.
