Wilmington Delaware Housing Market Overview
The Wilmington, DE real estate market presents unique opportunities for homeowners considering a sale. Recent data shows the median sale price in Wilmington stands at $254,000, reflecting a modest 2.9% decrease from the previous year. The price per square foot has increased by 5.7% to $186, indicating steady underlying market strength despite some fluctuations.
Wilmington homes are moving relatively quickly, spending an average of 29 days on the market and typically receiving 5 offers per property. Notably, 43.8% of homes sold above their list price, with an average sale-to-list ratio of 100.7%. These numbers suggest a competitive market environment, particularly for well-priced properties. While the local median sale price sits 41% below the national average, Wilmington’s strong walkability score of 74/100 and growing community appeal continue to attract buyers across New Castle County. For homeowners considering a sale, these market indicators point to favorable conditions, especially when working with buyers who can offer quick, hassle-free closings.