Current home values in Delaware

Home values have been rising throughout Delaware and are up 1.03% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $236,400 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home price for Delaware at $236,400 , a representative monthly mortgage payment would be $1,086.77.

How the Delaware housing market stacks up

Bethany Beach Delaware
Al Jurina / Shutterstock
Bethany Beach, Delaware is a popular relaxation destination for the local population

Property values in Delaware are high by historical standards and are higher than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Delaware, they're expected to fall 0.00%.

Homes are going on the market in Delaware at a median price of $137 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Delaware home prices over the last 10 years

Year Avg. Price
2019* $239,050
2018 $236,675
2017 $225,342
2016 $215,583
2015 $204,183
2014 $198,000
2013 $189,925
2012 $188,517
2011 $220,242
2010 $222,408
2009 $221,617

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Delaware is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $342,500
2018 $335,000
2017 $322,500
2016 $312,500
2015 $290,000
2014 $285,000
2013 $270,000
2012 $267,500
2011 $285,000
2010 $312,500
2009 $317,500

*2019 price average through August 2019.

About the Author

Doug Whiteman

Doug Whiteman

Editor-in-Chief

Doug Whiteman is the editor-in-chief of MoneyWise. He has been quoted by The Wall Street Journal, USA Today and CNBC.com and has been interviewed on Fox Business, CBS Radio and the syndicated TV show "First Business."

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