The housing market in Delaware and Delaware County is showing signs of transition in early 2025. Home values continue to climb, but the pace of growth has moderated compared to the rapid increases seen in previous years. Inventory is expanding, homes are taking longer to sell, and while competition remains, buyers are finding slightly more negotiating room. Understanding these evolving trends is key for anyone looking to buy or sell in today’s market.
📈 Home Prices Are Still Climbing
In the city of Delaware, the median home price reached $419,954 in January 2025, a 2.8% increase from the previous year. By March, the median sold price was $419,335, up 0.8% year-over-year, with a median price per square foot of $196.
In Delaware County as a whole, the median sold price hit $495,417 in March, reflecting a 4.2% annual gain. Zillow reports the average home value at $492,752 as of February, while Redfin data shows a median sale price of $484,143 — a notable 7.6% year-over-year increase.
Price growth varied by home size, with 1-bedroom homes showing an eye-popping 70.4% increase, while 4- and 5-bedroom homes posted steady gains of 4.8% and 5.8% respectively. The consistent rise across larger homes points to continued strong demand for family-sized properties.
⏳ Homes Are Taking Longer to Sell
Homes are staying on the market longer than they did a year ago. In the city of Delaware, the average listing age rose to 41 days in March, up from 33 days the previous year — a 24.4% increase.
In Delaware County, there’s a split depending on the data source. Zillow reports a median selling time of just 13 days, while Redfin’s broader measure shows an average market time of 68 days, up from 45 days in 2024. This suggests that while well-priced homes still sell quickly, many listings are lingering longer as buyers have more options to choose from.
📦 Inventory and Sales Activity Are Increasing
Inventory is expanding across both Delaware and Delaware County. The city had 240 homes for sale in March, a 25% jump from February. County-wide, 694 homes were on the market, a 21.8% increase month-over-month.
Sales activity also picked up sharply in March. Delaware saw 68 homes sold or pending, a 78.9% increase from the previous month, indicating a busy spring season ahead. However, while sales volume is rising, the fact that many homes are staying on the market longer hints at a subtle shift toward a slightly more balanced market.
💰 Market Outlook: Still Favoring Sellers, But Opportunities for Buyers
Even though Delaware and Delaware County remain seller-friendly markets, there are emerging opportunities for buyers. In Delaware city, 54.4% of homes sold below asking price in March, while 32% sold at asking and 13% sold above asking.
Well-priced and well-maintained homes in desirable neighborhoods continue to move quickly, with 60% of homes selling within 30 days. However, the increase in inventory and longer time on market suggest that buyers who are patient and prepared may find more room for negotiation in 2025.
Looking ahead, the market is expected to remain competitive but not overheated. Buyers will find more choices, while sellers can still expect strong offers — particularly if their properties are priced right and presented well.
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