Del/Mar Coastal Market Update: Buyers Gain Ground as Prices Level Off
Data as of June 5, 2025
Data Source: Bright MLS,
Report Prepared by Square Feet Appraisals in Collaboration with Delaware Beaches Online
“With more inventory and stable pricing, the coastal market is beginning to favor informed buyers—just in time for summer.”
As we step into peak buying season, the Del/Mar Coastal housing market is showing signs of balance. While inventory is up significantly and prices have started to flatten, elevated mortgage rates continue to shape both demand and negotiation power.
Market Highlights at a Glance
| Metric | May 2025 | YoY Change | MoM Change |
|---|---|---|---|
| Closed Sales | 845 | +1.7% | +8.3% |
| Median Sold Price | $420,000 | -0.2% | +3.7% |
| Median Days on Market | 30 days | +11 days | +8 days |
| New Pending Sales | 856 | -5.9% | -4.5% |
| New Listings | 1,052 | -5.4% | -12.0% |
| Active Listings | 3,387 | +27.3% | -0.9% |
| Months of Supply | 4.34 | +0.66 months | – |
| Showing Activity | 12,297 | +4.8% | – |
A Market in Transition
A Market in Transition
Prices Flattening After Pandemic Spike
While the median sold price in May was $420,000—slightly down 0.2% year-over-year—it reflects a market cooling off from pandemic-era surges. Compared to 2019, prices are still over 60% higher.
Inventory Builds, Favoring Buyers
Active listings jumped to 3,387, a 27.3% year-over-year gain. This increase is giving buyers more options, pushing months of supply to 4.34 across the region.
Breakdown by county:
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Somerset: 5.58 months
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Worcester: 4.75 months
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Sussex: 4.41 months
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Wicomico: 2.95 months
Sales Steady, But Pending Activity Slows
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Closed sales rose modestly to 845, up 1.7% from last year and 8.3% from April.
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However, pending sales dropped nearly 6%, signaling possible future slowdowns.
Days on Market Keep Rising
Homes are now taking 30 days to sell on average—an increase of 11 days over last year.
Year-to-Date Snapshot (Jan–May 2025)
| Metric | 2025 YTD | 2024 YTD | Change |
|---|---|---|---|
| Closed Sales | 3,556 | 3,485 | +2.0% |
| Median Sold Price | $415,000 | $400,000 | +3.8% |
| New Pending Sales | 3,800 | 4,083 | -6.9% |
| New Listings | 5,854 | 5,475 | +6.9% |
| Active Listings | 3,387 | 2,661 | +27.3% |
| Showings | 54,288 | 54,637 | -0.6% |
Detached vs. Townhomes vs. Condos
| Segment | Median Price | DOM | Pending Sales YoY | Active Listings YoY |
|---|---|---|---|---|
| Detached Homes | $420,000 | 29 days | -4.1% | +17.0% |
| Townhomes | $412,000 | 28 days | +13.5% | +83.3% |
| Condos | $420,000 | 40 days | -26.5% | +40.4% |
What It Means for Buyers and Sellers
Sellers
If you’re listing a home in the Del/Mar Coastal region, pricing competitively is key. The surge in inventory means buyers have options, and days on market are extending. While demand is still present, the pace is slowing.
Buyers
You’re in a stronger position than last year. Inventory is climbing, prices are stable, and days on market are increasing. While mortgage rates remain elevated, there’s room to negotiate and time to make thoughtful decisions.
Final Thoughts
The Del/Mar Coastal housing market in May 2025 reflects a broader transition. With more inventory and longer listing times, the urgency that once defined the post-pandemic market is fading. Balanced conditions are returning—and for many, that’s welcome news.
Stay tuned for June’s report as we track how summer market activity unfolds across Delaware and Maryland’s coast.
