$4,036 Closing Credit*
$339,900
810 SqFt
1 Bed
•1 Full Bath
CHRISTINE TINGLE, Listing Office: Keller Williams Realty
Is Fenwick Island, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$1,349,500
$551/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$1,900,500(-58.5%)
Key Takeaway
Homes in Fenwick Island have sold for 58.5% less than they did a month ago.
Summary: The median home sold price in Fenwick Island was $1,349,500 in November 2024, down 58.5% from last month, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $2.4M | $950K | -60.5% |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | $3.2M | $2.4M | -24.7% |
Summary: Fenwick Island housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 60.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 24.7%.
Housing Supply in Fenwick Island, DE
How many homes are available in Fenwick Island, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Fenwick Island real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Fenwick Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fenwick Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fenwick Island in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 31 Days | -47.6% |
Summary: Homes in Fenwick Island had an average of 31 days on market in Nov 2024, down by 47.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fenwick Island are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Fenwick Island; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
