Is Ocean View, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ocean View is a neutral's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Ocean View was a Seller's Market.

Key Takeaway

Ocean View is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Ocean View, DE cost?

Median Sold Price

$450,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$55,000(+13.9%)

Key Takeaway

Homes in Ocean View have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $320K$331K
+3.4%
3 $353.1K$435K
+23.2%
4 $442.7K$576K
+30.1%
5+ $525K$733K
+39.6%

Median Sold Price Compared To Nearby Cities

Millville
+21.8%
Selbyville-Frankford
+21.1%
Ocean View
+13.9%
Bethany Beach
+1.6%

How many homes are available in Ocean View, DE?

Number of Homes For Sale

Jul 2022Aug 2022%
3242+31.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 01
+100.0%
2 11
0.0%
3 1722
+29.4%
4 1114
+27.3%
5+ 34
+33.3%

Number of Homes Sold

Jul 2022Aug 2022%
17+600.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ocean View, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.

Average Sale Time

Aug 2021Aug 2022%
31 Days7 Days-75.8%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ocean View are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Ocean View, DE

There are 42 homes are for sale in Ocean View, DE real estate market. The number of listings in Ocean View, DE increased by 31.3% between July 2022 and August 2022. The median list price of listings available in August 2022 was $450,000, while the average time on the real estate market was 7 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 3.4%, prices of 3 bedrooms properties went up by 23.2%, prices of 4 bedrooms properties went up by 30.1%, 5 bedrooms properties became 39.6% more expensive. This housing market inventory have changed: number of 1 bedroom homes increased by 100%, 2 bedrooms homes did not move, 3 bedrooms homes inventory increased by 29.4%, 4 bedrooms homes became 27.3% more available, 5 bedrooms homes became 33.3% more available. In August 2022, from all listings sold in Ocean View, DE there were more than 1 sold above asking price, over 1 sold below and more than 5 were sold right at the asked price.

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