Is Bethany Beach, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Bethany Beach has remained a Seller's Market.
Housing Prices in Bethany Beach, DE
How much do homes in Bethany Beach, DE cost?
Median Sold Price
$924,750
$543/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bethany Beach was $924,750 in April 2024, up 5.4% from last year, and the median price per square foot was $543.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.5K | $573.7K | +70.0% |
2 Bedrooms | $565K | $525K | -7.1% |
3 Bedrooms | $695K | $751K | +8.1% |
4 Bedrooms | $850K | $1.1M | +29.4% |
5+ Bedrooms | $1.9M | $1.8M | -2.6% |
Summary: Bethany Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
Bethany Beach | $877K | $924.7K | +5.4% |
Selbyville-Frankford | $534.3K | $537.1K | 0.5% |
Housing Supply in Bethany Beach, DE
How many homes are available in Bethany Beach, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 81 | -4.7% |
Summary: The Bethany Beach real estate market had 81 homes for sale in April 2024, a 4.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Bethany Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 18 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Bethany Beach in April 2024, down by 10.0% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 23 Days | -45.2% |
Summary: Homes in Bethany Beach had an average of 23 days on market in Apr 2024, down by 45.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Bethany Beach; 83% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.