Is Dewey 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, Dewey Beach has remained a Seller's Market.
Housing Prices in Dewey Beach, DE
How much do homes in Dewey Beach, DE cost?
Median Sold Price
$1,133,000
$746/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dewey Beach was $1,133,000 in April 2024, up 41.7% from last year, and the median price per square foot was $746.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82K | $450K | +448.8% |
2 Bedrooms | $599K | $769.9K | +28.5% |
3 Bedrooms | $1.2M | $1.1M | -6.1% |
4 Bedrooms | $1.1M | $1.7M | +55.2% |
5+ Bedrooms | $1.9M | $1.7M | -11.3% |
Summary: Dewey Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 448.8%, 2 bedroom homes increased by 28.5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 55.2%, and 5+ bedroom homes decreased by 11.3%.
Housing Supply in Dewey Beach, DE
How many homes are available in Dewey Beach, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The Dewey Beach real estate market had 17 homes for sale in April 2024, a 5.6% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Dewey 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 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Dewey Beach in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Dewey Beach, DE
How long does it take to sell a home in Dewey Beach, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 74 Days | +60.2% |
Summary: Homes in Dewey Beach had an average of 74 days on market in Apr 2024, up by 60.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Dewey Beach; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.