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Delaware home listings on the rise — see the current median price here

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Delaware home listings on the rise — see the current median price here


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Median home prices in New Castle and Kent counties are on the rise.

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The median home in New Castle County listed for $409,978 in January, up 2.5% from the previous month’s $400,000, while the Kent County median listed for $412,250 in January, up 0.7% from the previous month’s $409,250, an analysis of data from Realtor.com shows.

The median home price in Sussex County was listed for $529,999 in January, down 1.8% from the previous month’s $539,700.

The statistics in this article pertain only to houses listed for sale in Delaware not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.delawareonline.com. 

Delaware home listings

Listings in Sussex County moved slowly, at a median of 78 days listed compared with the January national median of 69 days on the market. In the previous month, homes had a median of 64 days on the market. Around 418 homes were newly listed on the market in January, a 3% increase from 406 new listings in January 2023. 

Listings in New Castle County moved briskly, at a median of 50 days listed compared with the January national median of 69 days on the market. In the previous month, homes had a median of 41 days on the market. Around 366 homes were newly listed on the market in January, a 5.7% decrease from 388 new listings in January 2023. 

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Listings in Kent County moved steadily, at a median of 68 days listed compared with the January national median of 69 days on the market. In the previous month, homes had a median of 58 days on the market. Around 130 homes were newly listed on the market in January, a 27% decrease from 178 new listings in January 2023. 

Delaware real state heat map

The median home prices issued by Realtor.com may exclude many, or even most, of a market’s homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.

Across the Philadelphia-Camden-Wilmington metro area, median home prices fell to $337,375, slightly lower than a month earlier. The median home had 1,530 square feet, at a list price of $214 per square foot.

In Delaware, median home prices were $477,450, a slight increase from December. The median Delaware home listed for sale had 2,071 square feet, with a price of $230 per square foot. 

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Throughout the United States, the median home price was $409,500, a slight decrease from the month prior. The median American home for sale was listed at 1,823 square feet, with a price of $221 per square foot. 

The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what’s happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.



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Delaware

Done Deal: 695 Delaware Avenue – Buffalo Rising

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Done Deal: 695 Delaware Avenue – Buffalo Rising


Ellicott Development has expanded it local property portfolio. Ellicott’s 4628 Group Inc. purchased 695 Delaware Avenue on Wednesday for $1.025 million. Fred Kaplan Living Trust was the seller. The 8,454 sq.ft., three-story barn-like structure with mansard roofed addition is occupied by media production and marketing firm Crosswater Digital Media. It was the home of WKBW radio for a number of years. The property totals 0.4 acres in size with a large parking lot fronting Delaware Avenue.

The property is bookended by the Westbrook Apartments and Wilcox House apartment buildings, both ten-story structures. It sits across the street from 700 Delaware, the former Computer Task Group Building Ellicott purchased in 2018 and is now occupied by the NYS Department of Environmental Conservation.



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Delaware

Man, 77, dies after collision with teen driver near Hartly, police say

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Man, 77, dies after collision with teen driver near Hartly, police say


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A 77-year-old man died following a two-car crash near Hartly on the morning of Dec. 10, Delaware State Police said.

The man, from the Dover area, has not been identified by police pending family notification.

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According to police reports, the man was driving a Honda Accord east on Judith Road approaching Hartly Road about 9 a.m., as an 18-year-old woman was driving a Ford Focus south on Hartly Road approaching Judith Road.

Police reported that a preliminary investigation shows the Honda moved from the stop sign into the Ford’s path, causing a collision.

The man was pronounced dead at the scene. The woman, from Hartly, was treated at the scene. Police said she refused to be taken to a hospital.

Send tips or story ideas to Esteban Parra at (302) 324-2299 or eparra@delawareonline.com.

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Delaware County approves 19% property tax hike in 4-1 vote

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Delaware County approves 19% property tax hike in 4-1 vote


MEDIA, Pa. (WPVI) — Delaware County Council voted 4-1 Wednesday night to approve a budget that includes a 19% property tax increase, despite objections from residents.

Property owners with a home assessed at $255,000 will pay about $188 more annually under the new budget, which takes effect next month.

Before the vote, some residents urged council to reconsider.

“I ask council to revisit the proposed budget, forgo voting tonight, avoid solving the entire deficit on the back of the hardworking taxpayers,” said Cynthia Sabitini of Upper Providence Township.

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One councilmember agreed, but most did not.

“Simply put, I feel that the increase is too drastic,” said Councilmember Elaine Paul Schaefer.

“This needs to occur. I don’t like it, but it’s what has to occur,” said Councilmember Kevin Madden.

The hike follows a 23% increase last year and a 5% increase the year before. County officials say tax hikes were minimal for a decade, forcing steep increases now.

The current all-Democratic council argues they’re righting the financial ship after past Republican leaders didn’t do enough.

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“For the first time in more than a decade, this budget puts Delaware County on track to have a truly balanced budget,” said Council Chair Dr. Monica Taylor.

County leaders say the increase addresses a structural deficit, but opponents blame spending on projects such as de-privatizing George Hill Correctional Center and creating a health department.

“How do you justify coming in with a deficit and then saying you’re repairing it after you grew it?” said Michael Straw of Media Borough Republicans.

Officials say future hikes should be minimal if the county makes any request at all, but some remain skeptical.

“I have my doubts that we won’t be seeing increases in the future,” Straw said.

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