Market Update
Greater Wilmington & Southern PA
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$425k
2% more than in
Q1 2025
Q1 2025
Avg. Days On Market
39
8% more than in
Q1 2025
Q1 2025
Closed Sales
6,141
6% fewer than in
Q1 2025
Q1 2025
Inventory
4,262
14% fewer than in
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $357k | $431k | 7972 |
| Q1 '23 | $375k | $459k | 6171 |
| Q1 '24 | $400k | $492k | 5596 |
| Q1 '25 | $415k | $510k | 6545 |
| Q1 '26 | $425k | $529k | 6141 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 61.8% |
|---|---|
| Q1 '26 | 3796 |
| Q1 '25 | 4186 |
| 1YR CHANGE | -9% |
| Closed $500k - $1m | 30.8% |
| Q1 '26 | 1890 |
| Q1 '25 | 1933 |
| 1YR CHANGE | -2% |
| Closed $1m - $1.5m | 4.7% |
| Q1 '26 | 290 |
| Q1 '25 | 271 |
| 1YR CHANGE | +7% |
| Closed Over $1.5m | 2.7% |
| Q1 '26 | 165 |
| Q1 '25 | 155 |
| 1YR CHANGE | +6% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 28 | $357k |
| Q1 '23 | 34 | $375k |
| Q1 '24 | 32 | $400k |
| Q1 '25 | 36 | $415k |
| Q1 '26 | 39 | $425k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-14%
New Listings
New Listings represents the number of properties listed during the quarter.
1%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
-6%
Closed Sales
-6%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
8%
Avondale
Median
$406k
DOM
23
Sales
2
Brandywine Valley
Median
$486k
DOM
32
Sales
1,326
Inv
756
Centreville
Median
$1.09m
DOM
33
Sales
12
Inv
8
Chadds Ford
Median
$260k
DOM
70
Sales
13
Inv
13
Chester Springs
Median
$813k
DOM
28
Sales
6
Inv
9
Coatesville
Median
$309k
DOM
21
Sales
6
Inv
4
Cochranville
Median
$335k
DOM
24
Sales
2
Inv
1
Downingtown
Median
$430k
DOM
26
Sales
6
Inv
2
Elverson
Median
$735k
DOM
134
Sales
1
Inv
1
Glen Mills
Median
$615k
DOM
51
Sales
17
Inv
28
Greenville
Median
$1.36m
DOM
112
Sales
2
Inv
6
Hockessin
Median
$600k
DOM
43
Sales
25
Inv
15
Kennett Square
Median
$482k
DOM
16
Sales
6
Inv
1
Kennett Township
Median
$911k
DOM
10
Sales
11
Inv
12
Landenberg
Median
$647k
DOM
37
Sales
22
Inv
9
Middletown
Median
$465k
DOM
50
Sales
25
Inv
29
Newark
Median
$402k
DOM
24
Sales
24
Inv
11
North Wilmington
Median
$513k
DOM
23
Sales
80
Inv
24
Odessa
Median
n/a
DOM
0
Sales
0
Parkesburg
Median
$425k
DOM
40
Sales
5
Inv
1
Pennsbury Township
Median
$1m
DOM
88
Sales
5
Inv
2
Smyrna
Median
$368k
DOM
49
Sales
18
Inv
17
Unionville
Median
$673k
DOM
84
Sales
2
Inv
1
West Chester
Median
$610k
DOM
11
Sales
4
Inv
6
West Grove
Median
$201k
DOM
47
Sales
2
Inv
1
Wilmington
Median
$263k
DOM
40
Sales
35
Inv
32
York
Median
$200k
DOM
23
Sales
39
Inv
14