Is Bear, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bear was a Seller's Market.
Housing Prices in Bear, DE
How much do homes in Bear, DE cost?
Median Sold Price
$407,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bear was $407,500 in March 2024, up 4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $260K | $302.5K | +16.3% |
3 Bedrooms | $337K | $340K | +0.9% |
4 Bedrooms | $485K | $500K | +3.1% |
5+ Bedrooms | $560K | $560K | 0.0% |
Summary: Bear housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Upper Christiana | $300K | $320K | +6.7% |
Bear | $391.7K | $407.5K | +4.0% |
Glasgow | $385.6K | $393K | +1.9% |
Red Lion | $475K | $467.5K | -1.6% |
Housing Supply in Bear, DE
How many homes are available in Bear, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
104 | 107 | +2.9% |
Summary: The Bear real estate market had 107 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 54 | 54 | 0.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Bear housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Bear in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 19% were sold under asking, 31% were sold at asking, and 50% were sold over asking.
Days on Market for Bear, DE
How long does it take to sell a home in Bear, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 17 Days | +28.7% |
Summary: Homes in Bear had an average of 17 days on market in Mar 2024, up by 28.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Bear; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.