Is Bear, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bear has remained a Seller's Market.
Key Takeaway
Bear is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bear, DE
How much do homes in Bear, DE cost?
Median Sold Price
$414,666
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bear have sold for 5% more than they did a year ago.
Summary: The median home sold price in Bear was $414,666 in May 2024, up 5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $260K | $287.5K | +10.6% |
| 3 Bedrooms | $336K | $355K | +5.7% |
| 4 Bedrooms | $485K | $500K | +3.1% |
| 5+ Bedrooms | $555K | $541K | -2.5% |
Summary: Bear housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Bear | $395K | $414.6K | +5.0% |
| Glasgow | $387K | $402.5K | +4.0% |
| Upper Christiana | $314K | $322.5K | +2.7% |
| Red Lion | $500K | $450K | -10.0% |
Housing Supply in Bear, DE
How many homes are available in Bear, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 94 | +2.2% |
Summary: The Bear real estate market had 94 homes for sale in May 2024, a 2.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 36 | 41 | +13.9% |
| 4 Bedrooms | 41 | 38 | -7.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Bear housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bear, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Bear in May 2024, down by 10.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 17% were sold at asking, and 56% were sold over asking.
Days on Market for Bear, DE
How long does it take to sell a home in Bear, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 15 Days | +20.6% |
Summary: Homes in Bear had an average of 15 days on market in May 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bear are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Bear; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
