Is Selbyville, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Selbyville was a Seller's Market.
Housing Prices in Selbyville, DE
How much do homes in Selbyville, DE cost?
Median Sold Price
$541,666
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Selbyville was $541,666 in April 2024, up 12.9% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $329.6K | +3.0% |
3 Bedrooms | $450K | $520K | +15.6% |
4 Bedrooms | $495K | $630K | +27.3% |
5+ Bedrooms | $1.0M | $1.0M | 0.0% |
Summary: Selbyville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Selbyville | $479.9K | $541.6K | +12.9% |
Selbyville-Frankford | $534.3K | $537.1K | 0.5% |
Housing Supply in Selbyville, DE
How many homes are available in Selbyville, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 152 | +14.3% |
Summary: The Selbyville real estate market had 152 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 4 | -42.9% |
3 Bedrooms | 67 | 67 | 0.0% |
4 Bedrooms | 46 | 66 | +43.5% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Selbyville 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 decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Selbyville in April 2024, up by 5.3% month-over-month. Of the 20 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Selbyville, DE
How long does it take to sell a home in Selbyville, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 76 Days | +1.6% |
Summary: Homes in Selbyville had an average of 76 days on market in Apr 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Selbyville; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.