$10,000 Closing Credit*
$925,000
2,994 SqFt
5 Beds
•4 Full Baths, 1 Partial
April Love Raimond, Listing Office: Redfin Corporation
Is Ocean View, 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, Ocean View has remained a Seller's Market.
Key Takeaway
Ocean View is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ocean View, DE
How much do homes in Ocean View, DE cost?
Median Sold Price
$540,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,500(+5.2%)
Key Takeaway
Homes in Ocean View have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Ocean View was $540,000 in November 2024, up 5.2% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $362K | $375K | +3.6% |
| 3 Bedrooms | $434.5K | $475K | +9.3% |
| 4 Bedrooms | $615K | $627.5K | +2.0% |
| 5+ Bedrooms | $750K | $842.5K | +12.3% |
Summary: Ocean View housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Ocean View | $513.5K | $540K | +5.2% |
| Selbyville-Frankford | $529.8K | $555.5K | +4.9% |
| Bethany Beach | $910K | $893.3K | -1.8% |
Housing Supply in Ocean View, DE
How many homes are available in Ocean View, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 126 | 112 | -11.1% |
Summary: The Ocean View real estate market had 112 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 63 | 49 | -22.2% |
| 4 Bedrooms | 39 | 46 | +17.9% |
| 5+ Bedrooms | 11 | 6 | -45.5% |
Summary: The Ocean View housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 45.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 19 | -47.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean View, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Ocean View in November 2024, down by 47.2% month-over-month. Of the 19 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.
Days on Market for Ocean View, DE
How long does it take to sell a home in Ocean View, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 47 Days | -27.0% |
Summary: Homes in Ocean View had an average of 47 days on market in Nov 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ocean View are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Ocean View; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
