Coming soon
$7,659 Closing Credit¹
Peggy Centrella, Listing Office: Patterson-Schwartz-Hockessin
Wilmington Housing Market Report December 2024•New Castle County, Delaware
Housing Prices in Wilmington, DE
How much do homes in Wilmington, DE cost?
Housing Market Conditions
Is Wilmington, DE a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Wilmington is a Seller's Market
Difference Since December 2023
Since last year, Wilmington has remained a Seller's Market.
Insight
Wilmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$324,845$198/SqFt
+$20,975
+6.9%
Based on all homes sold in the last 12 months
Insight
Homes in Wilmington have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Wilmington was $324,845 in December 2024, up 6.9% from last year, and the median price per square foot was $198.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Elsmere | $232.5K | $267K | +14.8% |
| Penns Grove | $196.5K | $220K | +12.0% |
| Lower Christiana | $284.5K | $305K | +7.2% |
| Wilmington | $303.8K | $324.8K | +6.9% |
| Brandywine | $399.6K | $420K | +5.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $152K | $162K | +6.6% |
| 22 Bedrooms | $215K | $229.3K | +6.7% |
| 33 Bedrooms | $289.2K | $304.6K | +5.3% |
| 44 Bedrooms | $444K | $451.3K | +1.6% |
| 55+ Bedrooms | $515K | $585K | +13.6% |
Summary: Wilmington housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +6.6%. The home price for 2 bedroom homes increased by +6.7%. The home price for 3 bedroom homes increased by +5.3%. The home price for 4 bedroom homes increased by +1.6%. The home price for 5 bedroom homes increased by +13.6%.
Housing supply in Wilmington, DE
How many homes are available in Wilmington, DE?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 614Last MonthDec 2024 | ||
| 6812 months agoNov 2024 | -9.8 % Change MoMNov – Dec |
Summary: The Wilmington real estate market had 614 homes for sale in Dec 2024, a 9.8 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 200Last MonthDec 2024 | ||
| 1792 months agoNov 2024 | +11.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 20 | 22 | +10.0% |
| 22 Bedrooms | 126 | 113 | -10.3% |
| 33 Bedrooms | 330 | 293 | -11.2% |
| 44 Bedrooms | 160 | 140 | -12.5% |
| 55+ Bedrooms | 45 | 46 | +2.2% |
Summary: Wilmington housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +10.0%. The inventory for 2 bedroom homes decreased by -10.3%. The inventory for 3 bedroom homes decreased by -11.2%. The inventory for 4 bedroom homes decreased by -12.5%. The inventory for 5 bedroom homes increased by +2.2%.
Asking Price vs. Sold Price
How much do homes in Wilmington, DE cost?
Over Asking Price60 Homes
At Asking Price61 Homes
Under Asking Price79 Homes
Insight
If you're buying a home in Wilmington, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.
Summary: A total of 200 homes were sold or pending in Wilmington in December 2024, up by 11.7% month-over-month. Of the 200 sold homes, 40% were sold under asking, 31% were sold at asking, and and 30% were sold over asking.
Days on Market for Wilmington, DE
How long does it take to sell a home in Wilmington, DE?
Breakdown of Home Sale Times
Under 30 Days148 Homes
30 – 90 Days35 Homes
Over 90 Days17 Homes
Insight
Many homes in Wilmington are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 200 homes were sold in Wilmington; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 29 DaysThis YearDec 2024 | ||
| 24 Days1 year agoDec 2023 | +20.2 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Wilmington had an average listing age of 29 days in Dec 2024, up by 20.2% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Wilmington, DE
What homes are available in Wilmington, DE?
Coming soon
$5,463 Closing Credit¹
Brett A Youngerman, Listing Office: Long & Foster Real Estate, Inc.
New - 4 hours on Rocket
$772 Closing Credit¹
Juan Soto, Listing Office: Crown Homes Real Estate
Coming soon
$4,097 Closing Credit¹
Laura A Diaz, Listing Office: EXP Realty, LLC
New - 6 hours on Rocket
$3,503 Closing Credit¹
Victoria A. Lawson, Listing Office: Long & Foster Real Estate, Inc.
Coming soon
$3,978 Closing Credit¹
Steve W Han, Listing Office: Keller Williams Realty Wilmington
New - 19 hours on Rocket
$10,000 Closing Credit¹
Nancyann P Greenberg, Listing Office: Compass
New - 23 hours on Rocket
$4,038 Closing Credit¹
Kathleen J Eddins, Listing Office: Patterson-Schwartz-Hockessin
New - 1 day on Rocket
$2,730 Closing Credit¹
Neil Douen, Listing Office: EXP Realty, LLC
Coming soon
$3,739 Closing Credit¹
Kristen Rosaio, Listing Office: Crown Homes Real Estate
New - 1 day on Rocket
$2,613 Closing Credit¹
Peggy Cushing, Listing Office: Meyer & Meyer Realty
New - 1 day on Rocket
$10,000 Closing Credit¹
Holly M Henderson-Smith, Listing Office: Pantano Real Estate Inc
Popular Cities with Homes for Sale in Delaware
- Homes for sale in Brandywine, DE
- Homes for sale in Dover, DE
- Homes for sale in Glasgow, DE
- Homes for sale in Lewes, DE
- Homes for sale in Middletown, DE
- Homes for sale in Milford, DE
- Homes for sale in Millsboro, DE
- Homes for sale in Milton, DE
- Homes for sale in Newark, DE
- Homes for sale in New Castle, DE
- Homes for sale in Ocean View, DE
- Homes for sale in Piedmont, DE
- Homes for sale in Rehoboth Beach, DE
- Homes for sale in Smyrna, DE
- Homes for sale in Wilmington, DE
MLS Disclaimers and Copyright
Based on information from BrightMLS, for the period 01/01/2023 - 01/01/2025
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:24:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.