Delaware housing market sees inventory expansion, price increases in January

Delaware’s housing market started the year with increased sales, rising home prices and a boost in inventory. However, the state continues to face an ongoing crisis in housing affordability and availability, according to the latest data from the Delaware Association of Realtors.

Statewide, units sold increased by 17%, with 901 homes sold compared to 767 in January 2024. The median listed price rose by 1.56% to $391,333, while the median sold price increased by 5.13% to $379,333, reflecting continued price pressures on buyers.

Despite a 21% increase in active inventory (3,289 homes compared to 2,727 last January), the shortage of affordable housing persists. Additionally, homes are staying on the market longer, with the average days on market rising 34% to 47 days.

“More inventory is a positive step, but it has not solved Delaware’s housing affordability crisis,” said Scott Farnan, DAR president. “Too many Delawareans are struggling to find a home within their budget. Realtors continue to advocate for policies that will increase housing supply and affordability across the state.”

A comparison of the January 2024/2025 data is provided in the accompanying chart. For county data, go to delawarerealtor.com/buyers-and-sellers/monthly-housing-statistics.