The median home sale price in New Castle County, Delaware, experienced a slight downturn in November 2025, settling at $352,500. This represents a 1.1% decrease from the previous month's median of $356,500, according to the latest available real estate data.
Despite the monthly dip, the local housing market shows significant year-over-year growth. The November median price is 8.3% higher than the $325,500 recorded in November 2024, indicating sustained long-term value appreciation for homeowners in the area.
Key Takeaways
- The median home price in New Castle County fell to $352,500 in November, a 1.1% drop from October.
- Year-over-year, the median price in the county increased by 8.3%.
- Single-family home prices rose 5.6% month-over-month, while condo prices saw a more modest 2.5% increase.
- The total number of homes sold in the county decreased by 4.4% compared to the same month last year.
A Mixed Picture in November
The latest housing market data for New Castle County reveals a complex and evolving landscape for both buyers and sellers. While the overall median price saw a minor reduction from October to November, different segments of the market moved in opposite directions.
This slight cooling follows a period of robust growth, suggesting a potential market normalization. However, the strong year-over-year increase of 8.3% highlights the market's underlying strength over the past 12 months.
Understanding the Data
The figures in this report are based on recorded real estate deeds, providing a comprehensive look at completed sales. This method results in a delay of a few months for data availability. The median price represents the midpoint of all sales, offering a more accurate market snapshot than the average price, which can be skewed by unusually high or low sales.
Single-Family Homes and Condos Diverge
A deeper analysis of the data shows a clear divergence between the single-family home market and the condominium and townhome sector.
Strong Demand for Single-Family Homes
The median selling price for single-family homes in New Castle County climbed to $427,500 in November. This is a notable 5.6% increase from the $405,000 median recorded in October. Compared to November 2024, the median price for these properties is up 8.2% from $395,000.
The high-end market also showed activity, with nine single-family homes selling for $1 million or more during the month. This is a significant increase from the two million-dollar sales recorded in this category in November 2024.
Condo Market Shows Nuanced Changes
The market for condominiums and townhomes also saw a month-over-month price increase. The median sales price rose 2.5% to $230,550 in November from $225,000 in October.
However, the year-over-year comparison tells a different story. The median price for these properties was down 5.9% from the $245,000 median in November 2024. This suggests that while immediate demand may be pushing prices up slightly, the longer-term trend for this segment is softer than that for single-family residences.
Market Activity at a Glance
- Total Homes Sold (NCC): 394
- Total Sales Value (NCC): $158.7 million
- Single-Family Median (NCC): $427,500
- Condo/Townhome Median (NCC): $230,550
Sales Volume Declines Across the Board
One of the clearest indicators of a shifting market is the number of transactions. In November, the number of recorded sales in New Castle County fell to 394. This represents a 4.4% decrease from the 412 homes sold in November 2024.
This slowdown in activity suggests that higher prices and other economic factors may be impacting buyer behavior, leading to a less frenetic pace than seen in previous years. The total value of all residential sales in the county for the month amounted to $158.7 million.
The Statewide Perspective
The trends observed in New Castle County are part of a broader pattern across Delaware. The statewide median home price also decreased in November, falling 5% to $380,000 from $399,900 in October.
The decline in sales volume was even more pronounced at the state level. A total of 898 homes were sold across Delaware in November, a 16.1% drop compared to the 1,070 sales recorded in November 2024.
Here's a quick look at statewide trends for different property types:
- Single-Family Homes: The statewide median price for single-family homes decreased by 4.5% month-over-month to $400,000. This was also a 2.3% decrease from November 2024.
- Condos and Townhomes: In contrast, the median price for condos and townhomes across Delaware rose 3.1% from October to November, reaching $330,000. This figure is nearly flat compared to the median of $331,000 in November 2024.
The total value of all residential home sales in Delaware for November was $453.6 million, a significant 15.3% decrease from the $535.6 million recorded in October. This data points to a general cooling trend in market activity across the state as 2025 drew to a close.
