Is Bear, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bear is a seller's market

Buyer's
Market

Difference Since December 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

$410,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$11,508(+2.9%)

Key Takeaway

Homes in Bear have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Bear was $410,000 in December 2024, up 2.9% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $270.5K$309K
+14.2%
3 $327.4K$370.5K
+13.1%
4 $500K$515K
+3.0%
5+ $520K$602.5K
+15.9%

Summary: Bear housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Cities

Glasgow
+9.5%
Upper Christiana
+9.4%
Bear
+2.9%
Red Lion
-16.0%

Housing Supply in Bear, DE

How many homes are available in Bear, DE?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7965-17.7%

Summary: The Bear real estate market had 65 homes for sale in December 2024, a 17.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 3125
-19.4%
4 3529
-17.1%
5+ 54
-20.0%

Summary: The Bear housing inventory by bedroom type for December 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 decreased by 19.4%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2528+12.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer36%32%32%

Key Takeaway

If you're buying a home in Bear, you could pay more than the asking price. 35.7% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Bear in December 2024, up by 12.0% month-over-month. Of the 28 sold homes, 32% were sold under asking, 32% were sold at asking, and 36% 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

Dec 2023Dec 2024CHANGE
15 Days16 Days+8.2%

Summary: Homes in Bear had an average of 16 days on market in Dec 2024, up by 8.2% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times82%18%

Key Takeaway

Many homes in Bear are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 28 homes were sold in Bear; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

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