Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Dover?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Dover right now. Listings below $500,000 were included if necessary.
14 Riverside Rd, Dover, DE 19904
- Price: $500,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,566
- See 14 Riverside Rd, Dover, DE 19904 on Redfin.com
233 N Ridge Brook Dr, Felton, DE 19943
- Price: $499,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,129
- See 233 N Ridge Brook Dr, Felton, DE 19943 on Redfin.com
1111 Monroe Ter, Dover, DE 19904
- Price: $499,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,480
- See 1111 Monroe Ter, Dover, DE 19904 on Redfin.com
200 Meadow Dr, Dover, DE 19904
- Price: $499,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,795
- See 200 Meadow Dr, Dover, DE 19904 on Redfin.com
428 Christiana River Dr, Clayton, DE 19938
- Price: $485,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,245
- See 428 Christiana River Dr, Clayton, DE 19938 on Redfin.com
150 Rising Ridge Ln, Dover, DE 19901
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,204
- See 150 Rising Ridge Ln, Dover, DE 19901 on Redfin.com
176 Gravelly Run Branch Rd, Clayton, DE 19938
- Price: $495,500
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,046
- See 176 Gravelly Run Branch Rd, Clayton, DE 19938 on Redfin.com
2 Weatherstone Ln, Felton, DE 19943
- Price: $485,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,800
- See 2 Weatherstone Ln, Felton, DE 19943 on Redfin.com
7 Shinnecock Rd, Dover, DE 19904
- Price: $500,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,701
- See 7 Shinnecock Rd, Dover, DE 19904 on Redfin.com
496 E Constitution Dr, Smyrna, DE 19977
- Price: $498,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,628
- See 496 E Constitution Dr, Smyrna, DE 19977 on Redfin.com
494 E Constitution Dr, Smyrna, DE 19977
- Price: $485,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,610
- See 494 E Constitution Dr, Smyrna, DE 19977 on Redfin.com
48 W Redbrook Pl, Smyrna, DE 19977
- Price: $490,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,424
- See 48 W Redbrook Pl, Smyrna, DE 19977 on Redfin.com
573 W Birdie Ln, Magnolia, DE 19962
- Price: $485,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,314
- See 573 W Birdie Ln, Magnolia, DE 19962 on Redfin.com
258 Wildflower Cir N, Magnolia, DE 19962
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,988
- See 258 Wildflower Cir N, Magnolia, DE 19962 on Redfin.com
328 N Bradford St, Dover, DE 19904
- Price: $495,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,244
- See 328 N Bradford St, Dover, DE 19904 on Redfin.com
440 Indian Runner Rd, Felton, DE 19943
- Price: $490,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,128
- See 440 Indian Runner Rd, Felton, DE 19943 on Redfin.com
10228 Bayside Dr, Dover, DE 19901
- Price: $483,500
- 4 bedrooms, 2 bathrooms
- Square feet: 1,472
- See 10228 Bayside Dr, Dover, DE 19901 on Redfin.com
101 Stoney Creek Ln, Clayton, DE 19938
- Price: $488,000
- 3 bedrooms, 3 bathrooms
- Square feet: 1,982
- See 101 Stoney Creek Ln, Clayton, DE 19938 on Redfin.com
518 Drapers Mill Rd, Felton, DE 19943
- Price: $494,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,812
- See 518 Drapers Mill Rd, Felton, DE 19943 on Redfin.com
2981 Hay Point Landing Rd, Smyrna, DE 19977
- Price: $499,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,448
- See 2981 Hay Point Landing Rd, Smyrna, DE 19977 on Redfin.com
04 Obsidian Dr, Felton, DE 19943
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,345
- See 04 Obsidian Dr, Felton, DE 19943 on Redfin.com
02 Obsidian Dr, Felton, DE 19943
- Price: $483,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,165
- See 02 Obsidian Dr, Felton, DE 19943 on Redfin.com
200 Vale Blvd, Greenwood, DE 19950
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,378
- See 200 Vale Blvd, Greenwood, DE 19950 on Redfin.com
5 Weatherstone Ln, Felton, DE 19943
- Price: $492,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,180
- See 5 Weatherstone Ln, Felton, DE 19943 on Redfin.com
03 Obsidian Dr, Felton, DE 19943
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,972
- See 03 Obsidian Dr, Felton, DE 19943 on Redfin.com
104 Wanchese Dr, Magnolia, DE 19962
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,951
- See 104 Wanchese Dr, Magnolia, DE 19962 on Redfin.com
701 Paris Kirby Rd, Milford, DE 19963
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,811
- See 701 Paris Kirby Rd, Milford, DE 19963 on Redfin.com
121 Sandpiper Dr, Dover, DE 19901
- Price: $499,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,224
- See 121 Sandpiper Dr, Dover, DE 19901 on Redfin.com
3029 Burnite Mill Rd, Harrington, DE 19952
- Price: $485,000
- 2 bedrooms, 1 bathroom
- Square feet: 1,860
- See 3029 Burnite Mill Rd, Harrington, DE 19952 on Redfin.com
This story was produced by Redfin Real Estate and reviewed and distributed by Stacker.
