Is Selbyville-Frankford, 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, Selbyville-Frankford was a Neutral Market.
Key Takeaway
Selbyville-Frankford is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Selbyville-Frankford, DE
How much do homes in Selbyville-Frankford, DE cost?
Median Sold Price
$530,756
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Selbyville-Frankford have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Selbyville-Frankford was $530,756 in March 2024, down 0.6% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $564.5K | +105.3% |
| 2 Bedrooms | $358.7K | $362K | +0.9% |
| 3 Bedrooms | $464.5K | $475K | +2.3% |
| 4 Bedrooms | $630K | $629.8K | 0% |
| 5+ Bedrooms | $1.2M | $1.0M | -16.6% |
Summary: Selbyville-Frankford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Cities
| Dagsboro | $360K | $430K | +19.4% |
| Selbyville | $463.7K | $530K | +14.3% |
| Frankford | $485K | $536.2K | +10.6% |
| Selbyville-Frankford | $534K | $530.7K | -0.6% |
| Millville | $450K | $430.4K | -4.3% |
Housing Supply in Selbyville-Frankford, DE
How many homes are available in Selbyville-Frankford, DE?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 834 | 905 | +8.5% |
Summary: The Selbyville-Frankford real estate market had 905 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 60 | 65 | +8.3% |
| 3 Bedrooms | 367 | 411 | +12.0% |
| 4 Bedrooms | 299 | 320 | +7.0% |
| 5+ Bedrooms | 101 | 104 | +3.0% |
Summary: The Selbyville-Frankford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 75 | -11.8% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selbyville-Frankford, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Selbyville-Frankford in March 2024, down by 11.8% month-over-month. Of the 75 sold homes, 61% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Selbyville-Frankford, DE
How long does it take to sell a home in Selbyville-Frankford, DE?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 46 Days | -19.9% |
Summary: Homes in Selbyville-Frankford had an average of 46 days on market in Mar 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Selbyville-Frankford are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 75 homes were sold in Selbyville-Frankford; 56% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
