Top Mega Teams in Delaware – Ranked by Volume

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2023 Delaware Housing Market Summary

Delaware started 2023 with a total of 1,230 single-family homes on the market, with a median home price of $472,777 and an average price per square foot of $260. By the end of the year, inventory had increased to 1,368 homes on the market (+11%), with a median home price of $495,000 (+4%) and an average price per square foot of $271 (+4%).

At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had decreased to 70 days.

Delaware started the year with 36% 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 33% of Delaware homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Delaware started 2023 as a seller’s market, with an MAI score of 41; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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