$5,522 Closing Credit*
$465,000
2,025 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jay G Shinn, Listing Office: RE/MAX Point Realty
Is Bear, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$415,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.8%)
Key Takeaway
Homes in Bear have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Bear was $415,000 in October 2024, up 7.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $309K | +14.4% |
| 3 Bedrooms | $330K | $371K | +12.4% |
| 4 Bedrooms | $492K | $513.2K | +4.3% |
| 5+ Bedrooms | $585K | $580K | -0.9% |
Summary: Bear housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Glasgow | $376.8K | $420K | +11.4% |
| Bear | $385K | $415K | +7.8% |
| Upper Christiana | $320K | $340K | +6.3% |
| Red Lion | $500K | $450K | -10.0% |
Housing Supply in Bear, DE
How many homes are available in Bear, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 87 | -3.3% |
Summary: The Bear real estate market had 87 homes for sale in October 2024, a 3.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 43 | 43 | 0.0% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Bear housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bear, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Bear in October 2024, down by 9.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 32% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +23.5% |
Summary: Homes in Bear had an average of 18 days on market in Oct 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bear are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Bear; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
