Is Bethany Beach, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bethany Beach was a Seller's Market.
Key Takeaway
Bethany Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bethany Beach, DE
How much do homes in Bethany Beach, DE cost?
Median Sold Price
$926,000
$538/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bethany Beach have sold for 4% more than they did a year ago.
Summary: The median home sold price in Bethany Beach was $926,000 in May 2024, up 4% from last year, and the median price per square foot was $538.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $358K | $576.8K | +61.1% |
| 2 Bedrooms | $560K | $557.5K | -0.4% |
| 3 Bedrooms | $826K | $725K | -12.2% |
| 4 Bedrooms | $867.5K | $1.1M | +26.8% |
| 5+ Bedrooms | $1.9M | $1.7M | -8.3% |
Summary: Bethany Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.1%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Bethany Beach | $890K | $926K | +4.0% |
| Selbyville-Frankford | $529.8K | $539.2K | +1.8% |
Housing Supply in Bethany Beach, DE
How many homes are available in Bethany Beach, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 89 | +4.7% |
Summary: The Bethany Beach real estate market had 89 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Bethany Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bethany Beach, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Bethany Beach in May 2024, down by 22.2% month-over-month. Of the 14 sold homes, 57% were sold under asking, 36% were sold at asking, and 7% were sold over asking.
Days on Market for Bethany Beach, DE
How long does it take to sell a home in Bethany Beach, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 18 Days | -56.3% |
Summary: Homes in Bethany Beach had an average of 18 days on market in May 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bethany Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Bethany Beach; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
