$10,000 Closing Credit*
$1,199,000
4 Beds
•1 Full Bath, 1 Partial
Hugh V Fuller, Listing Office: EXP Realty, LLC
Is Fenwick Island, 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, Fenwick Island has remained a Seller's Market.
Key Takeaway
Fenwick Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fenwick Island, DE
How much do homes in Fenwick Island, DE cost?
Median Sold Price
$1,117,500
$579/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$87,500(-7.3%)
Key Takeaway
Homes in Fenwick Island have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in Fenwick Island was $1,117,500 in October 2024, down 7.3% from last year, and the median price per square foot was $579.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $360.3K | N/A |
| 2 Bedrooms | $837.5K | $492.5K | -41.2% |
| 3 Bedrooms | $867.5K | $897.5K | +3.5% |
| 4 Bedrooms | $1.7M | $1.2M | -30.6% |
| 5+ Bedrooms | $2.1M | $1.6M | -21.2% |
Summary: Fenwick Island 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 decreased by 41.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 30.6%, and 5+ bedroom homes decreased by 21.2%.
Median Sold Price Compared To Nearby Cities
| Selbyville-Frankford | $531.9K | $550.4K | +3.5% |
| Fenwick Island | $1.2M | $1.1M | -7.3% |
Housing Supply in Fenwick Island, DE
How many homes are available in Fenwick Island, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The Fenwick Island real estate market had 23 homes for sale in October 2024, a 21.1% increase 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Fenwick Island 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fenwick Island, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fenwick Island in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Fenwick Island, DE
How long does it take to sell a home in Fenwick Island, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 63 Days | +153.0% |
Summary: Homes in Fenwick Island had an average of 63 days on market in Oct 2024, up by 153% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fenwick Island has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Fenwick Island; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
