Is Selbyville-Frankford, 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-Frankford was a Seller's 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
$537,152
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Selbyville-Frankford have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Selbyville-Frankford was $537,152 in April 2024, up 0.5% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | $569K | +68.6% |
| 2 Bedrooms | $360K | $364.5K | +1.3% |
| 3 Bedrooms | $465K | $479.9K | +3.2% |
| 4 Bedrooms | $630K | $629K | -0.2% |
| 5+ Bedrooms | $1.2M | $1.0M | -21.9% |
Summary: Selbyville-Frankford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Selbyville | $479.9K | $541.6K | +12.9% |
| Frankford | $492.4K | $538.7K | +9.4% |
| Selbyville-Frankford | $534.3K | $537.1K | 0.5% |
| 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
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 534 | 587 | +9.9% |
Summary: The Selbyville-Frankford real estate market had 587 homes for sale in April 2024, a 9.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 40 | 38 | -5.0% |
| 3 Bedrooms | 267 | 280 | +4.9% |
| 4 Bedrooms | 169 | 201 | +18.9% |
| 5+ Bedrooms | 56 | 66 | +17.9% |
Summary: The Selbyville-Frankford 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 5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 90 | 79 | -12.2% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
15 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. 63.3% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Selbyville-Frankford in April 2024, down by 12.2% month-over-month. Of the 79 sold homes, 63% were sold under asking, 18% were sold at asking, and 19% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 73 Days | +23.0% |
Summary: Homes in Selbyville-Frankford had an average of 73 days on market in Apr 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
22 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 April 2024, 79 homes were sold in Selbyville-Frankford; 44% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
