Is Bethany Beach, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Bethany Beach was a Buyer's Market.
Housing Prices in Bethany Beach, DE
How much do homes in Bethany Beach, DE cost?
Median Sold Price
$905,000
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Bethany Beach was $905,000 in February 2024, up 13.8% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $569K | +83.5% |
2 Bedrooms | $602.5K | $476.5K | -20.9% |
3 Bedrooms | $585K | $803K | +37.3% |
4 Bedrooms | $850K | $1.1M | +29.4% |
5+ Bedrooms | $1.9M | $1.9M | -0.5% |
Summary: Bethany Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.5%, 2 bedroom homes decreased by 20.9%, 3 bedroom homes increased by 37.3%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
Bethany Beach | $795K | $905K | +13.8% |
Selbyville-Frankford | $541.9K | $529.9K | -2.2% |
Housing Supply in Bethany Beach, DE
How many homes are available in Bethany Beach, DE?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
91 | 98 | +7.7% |
Summary: The Bethany Beach real estate market had 98 homes for sale in February 2024, a 7.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 25 | 24 | -4.0% |
4 Bedrooms | 25 | 30 | +20.0% |
5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Bethany Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Bethany Beach in February 2024, up by 7.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
20 Days | 24 Days | +23.6% |
Summary: Homes in Bethany Beach had an average of 24 days on market in Feb 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in Bethany Beach; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.