$4,950,000
5,428 SqFt
7 Beds
•7 Full Baths
Anna G Meiklejohn, Listing Office: Long & Foster Real Estate, Inc.
Is Bethany Beach, 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, Bethany Beach has remained a Seller's Market.
Key Takeaway
Bethany Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bethany Beach, DE
How much do homes in Bethany Beach, DE cost?
Median Sold Price
$917,695
$532/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,158(-0.6%)
Key Takeaway
Homes in Bethany Beach have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Bethany Beach was $917,695 in October 2024, down 0.6% from last year, and the median price per square foot was $532.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $569K | $580K | +1.9% |
| 2 Bedrooms | $466K | $591K | +26.8% |
| 3 Bedrooms | $850K | $730K | -14.1% |
| 4 Bedrooms | $1.1M | $1.0M | -2.5% |
| 5+ Bedrooms | $1.9M | $1.7M | -11.9% |
Summary: Bethany Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 26.8%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Selbyville-Frankford | $531.9K | $550.4K | +3.5% |
| Bethany Beach | $922.8K | $917.6K | -0.6% |
Housing Supply in Bethany Beach, DE
How many homes are available in Bethany Beach, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 99 | +5.3% |
Summary: The Bethany Beach real estate market had 99 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The Bethany Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bethany Beach, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Bethany Beach in October 2024, up by 40.0% month-over-month. Of the 21 sold homes, 62% were sold under asking, 10% were sold at asking, and 29% were sold over asking.
Days on Market for Bethany Beach, DE
How long does it take to sell a home in Bethany Beach, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 38 Days | -20.7% |
Summary: Homes in Bethany Beach had an average of 38 days on market in Oct 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bethany Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Bethany Beach; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
