Wilmington, DE Housing Market Report

The Wilmington, DE housing market is currently characterized by a steady, moderate growth phase that leans slightly toward a balanced environment, though sellers still maintain a marginal edge due to pricing stability. As of December 2025, the median home value stands at $317,710, reflecting a 3.19% increase over the previous year. While inventory has expanded by 3.6% to reach 11,892 active listings, the market is moving at a more measured pace than in previous years. The average time a property spends on the market has increased to 48 days, providing buyers with more breathing room to conduct inspections and negotiate terms without the frantic pressure of immediate bidding wars.

Price trends over the last six months demonstrate a remarkably consistent upward trajectory, with values climbing from $315,646 in July to the current December peak. This incremental growth suggests a resilient local economy and continued demand within the broader Philadelphia-Camden-Wilmington metropolitan area. The sale-to-list ratio currently sits at exactly 1, indicating that homes are generally selling for their asking price. This alignment between buyer expectations and seller pricing suggests that the market has moved away from the extreme overbidding seen in recent years, settling into a more predictable and sustainable pattern.

Looking ahead, the Wilmington market appears well-positioned for continued stability. For buyers, the increase in active inventory and the longer 48-day market duration offer the best opportunity in several years to find a home without facing overwhelming competition. However, with rents also rising by 3.69% to a median of $1,740, the cost of waiting to buy remains high. Sellers should be aware that while prices are still rising, the increased days on market mean they must be more patient and ensure their properties are well-presented and accurately priced to meet the current sale-to-list equilibrium.