$10,000 Closing Credit*
$1,699,000
784 SqFt
3 Beds
•1 Full Bath
Dustin Oldfather, Listing Office: Compass
Is Bethany Beach, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$893,333
$515/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$16,666(-1.8%)
Key Takeaway
Homes in Bethany Beach have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Bethany Beach was $893,333 in November 2024, down 1.8% from last year, and the median price per square foot was $515.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $571.3K | $580K | +1.5% |
| 2 Bedrooms | $476.5K | $567.5K | +19.1% |
| 3 Bedrooms | $839.5K | $730K | -13.0% |
| 4 Bedrooms | $1.1M | $1.0M | -9.8% |
| 5+ Bedrooms | $1.9M | $1.7M | -11.5% |
Summary: Bethany Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 19.1%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Selbyville-Frankford | $529.8K | $555.5K | +4.9% |
| Bethany Beach | $910K | $893.3K | -1.8% |
Housing Supply in Bethany Beach, DE
How many homes are available in Bethany Beach, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 81 | -13.8% |
Summary: The Bethany Beach real estate market had 81 homes for sale in November 2024, a 13.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 34 | 29 | -14.7% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The Bethany Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 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. 73.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Bethany Beach in November 2024, up by 30.4% month-over-month. Of the 30 sold homes, 73% were sold under asking, 10% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 39 Days | +4.5% |
Summary: Homes in Bethany Beach had an average of 39 days on market in Nov 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 30 homes were sold in Bethany Beach; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
