$4,513 Closing Credit*
$380,000
1,160 SqFt
2 Beds
•2 Full Baths
Kelley J Johnson, 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 October 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
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,666(+5.4%)
Key Takeaway
Homes in Ocean View have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Ocean View was $540,000 in October 2024, up 5.4% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $364.5K | $365K | 0.1% |
| 3 Bedrooms | $434.5K | $481K | +10.7% |
| 4 Bedrooms | $619K | $630K | +1.8% |
| 5+ Bedrooms | $770K | $775K | +0.6% |
Summary: Ocean View 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 increased by 0.1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Ocean View | $512.3K | $540K | +5.4% |
| Millville | $440K | $459.9K | +4.5% |
| Selbyville-Frankford | $531.9K | $550.4K | +3.5% |
| Bethany Beach | $922.8K | $917.6K | -0.6% |
Housing Supply in Ocean View, DE
How many homes are available in Ocean View, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 127 | -5.2% |
Summary: The Ocean View real estate market had 127 homes for sale in October 2024, a 5.2% decrease 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 | 13 | 12 | -7.7% |
| 3 Bedrooms | 71 | 64 | -9.9% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Ocean View 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 decreased by 7.7%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 35 | +34.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ocean View, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Ocean View in October 2024, up by 34.6% month-over-month. Of the 35 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 43 Days | +26.2% |
Summary: Homes in Ocean View had an average of 43 days on market in Oct 2024, up by 26.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 35 homes were sold in Ocean View; 66% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
