Market Update - A Local Perspective

New Castle County, DE

The New Castle County housing market continued at a measured pace through March, with year-to-date closed sales down 13.9% compared to the same period last year. Homes going under contract also declined 8.4%, reflecting more moderate buyer activity. New listings were essentially flat, up just 0.3%, indicating steady supply. Despite softer transaction volume, home values remained resilient, with the year-to-date median sales price rising 5.7% from $354,750 to $375,000—underscoring continued price strength across the county.

Kent County, DE

Kent County housing market showed a mixed performance through March, with year-to-date closed sales down 5.2% compared to last year, while homes going under contract dipped slightly by 2.4%. In contrast, new listings increased 13.9%, bringing more inventory to the market and expanding options for buyers. Home values remained relatively stable, with the year-to-date median sales price rising modestly by 0.8% from $330,000 to $332,750. Overall, the data reflects a market balancing increased supply with slightly softer buyer activity.

Sussex County, DE

The Sussex County housing market moved at a slower pace through March, with year-to-date closed sales down 14.4% and new listings declining 6.1%. Buyer activity remained relatively steady, with homes under contract nearly unchanged. Home values softened slightly, with the median sales price down 1.1% to $449,900, while homes are taking longer to sell—signaling a more balanced market.

Southern Chester County, PA

The Southern Chester County housing market showed mixed results through March, with year-to-date closed sales up 13.6% despite a slowdown in March activity. Homes going under contract declined 4.4%, while new listings remained steady, up just 0.5%. Home values continued to rise, with the median sales price increasing 9.2% to $595,000, even as homes are taking longer to sell—indicating a shifting, more balanced market.

Cecil County, MD

The Cecil County housing market slowed through March, with year-to-date closed sales down 5.7% and new listings declining 14.2%. Homes going under contract also decreased 6.1%, reflecting softer buyer activity. Despite this, home values remained strong overall, with the year-to-date median sales price rising 8.5% to $369,000, even as homes are taking longer to sell—pointing to a more balanced market.

Reports are based on data supplied by Bright MLS. Bright MLS does not guarantee nor is responsible for its accuracy. Data maintained by an MLS may not reflect all real estate activities in the market. Information is deemed reliable but not guaranteed. Data is as of 4/8/2026.

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