Most real estate agents in Delaware get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. But how does that compare to the average real estate commission rate in Delaware?
In this post, we’ll help you determine how much commission you might pay on your Delaware home sale, and what options are available to earn the highest proceeds possible.
What’s the average real estate commission in Delaware?
According to Dustin Parker, a Millsboro agent who has sold over 1,000 single-family homes, you can expect to pay between 5%-7% in agent commissions when selling a home in Delaware, with some variation based on location within the state. On a property worth the current statewide median home sale price of $342,983, that amounts to $17,149–$24,008 in commission costs.
“Delaware is interesting in that because we have a resort market along the coast and then a more traditional rural market a little further inland, our price points range from $4-$5 million all the way down to $45,000 mobile homes. So, finding an average in terms of commission is fairly challenging,” says Parker. “The commission for lower-priced homes or properties is typically going to be higher than it may be for more expensive homes.”
Using an overall statewide average of 6%, here’s a breakdown of how much you might pay in real estate commissions based on what a typical home sells for in six of the largest cities in Delaware:
|Delaware city||Median home price||Typical commission at 6%|
Median home prices calculated from multiple public sales data sources.
HomeLight gathers agent commission data from cities throughout the U.S. To see if we have commission rates for your city, try our Agent Commissions Calculator. You might also be interested in our Net Proceeds Calculator and Home Value Estimator.
Still curious about commission rates in Delaware? Here are the answers to common questions about real estate agent commissions:
Who pays real estate commission fees?
The commission is typically paid by the home seller, and the seller’s agent will then split the commission with the buyer’s agent.
As Parker explains, “Almost every time, the seller is responsible for the real estate commission fees, and that’s written into their listing agreement that they would sign with whoever the listing agent is. In some cases, sellers will choose to split that evenly with the buyer’s broker or representative, and others may not — where it may be a 3.5%/2.5% split, for example.”