Is South Bethany, 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, South Bethany has remained a Seller's Market.
Housing Prices in South Bethany, DE
How much do homes in South Bethany, DE cost?
Median Sold Price
$1,300,000
$611/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Bethany was $1,300,000 in April 2024, up 30% from last year, and the median price per square foot was $611.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $560K | - | N/A |
2 Bedrooms | $510K | - | N/A |
3 Bedrooms | $862.5K | $893.9K | +3.6% |
4 Bedrooms | $1.3M | $1.3M | -0.9% |
5+ Bedrooms | $1.4M | $1.9M | +33.6% |
Summary: South Bethany 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 did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 33.6%.
Median Sold Price Compared To Nearby Cities
South Bethany | $1.0M | $1.3M | +30.0% |
Selbyville-Frankford | $534.3K | $537.1K | 0.5% |
Housing Supply in South Bethany, DE
How many homes are available in South Bethany, DE?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Summary: The South Bethany real estate market had 10 homes for sale in April 2024, a 16.7% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Bethany 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in South Bethany in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for South Bethany, DE
How long does it take to sell a home in South Bethany, DE?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 25 Days | +57.8% |
Summary: Homes in South Bethany had an average of 25 days on market in Apr 2024, up by 57.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in South Bethany; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.