$10,000 Closing Credit*
$985,000
2,810 SqFt
4 Beds
•4 Full Baths
BILL CULLIN, Listing Office: Long & Foster Real Estate, Inc.
Is Rehoboth Beach, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rehoboth Beach was a Seller's Market.
Key Takeaway
Rehoboth Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rehoboth Beach, DE
How much do homes in Rehoboth Beach, DE cost?
Median Sold Price
$780,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,375(-0.3%)
Key Takeaway
The sold price of homes in Rehoboth Beach has remained the same since last year.
Summary: The median home sold price in Rehoboth Beach was $780,000 in November 2024, down 0.3% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $450K | +12.5% |
| 2 Bedrooms | $419.9K | $445K | +6.0% |
| 3 Bedrooms | $670K | $660K | -1.5% |
| 4 Bedrooms | $867.3K | $913K | +5.3% |
| 5+ Bedrooms | $1.0M | $1.5M | +44.1% |
Summary: Rehoboth Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 44.1%.
Housing Supply in Rehoboth Beach, DE
How many homes are available in Rehoboth Beach, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 192 | 199 | +3.6% |
Summary: The Rehoboth Beach real estate market had 199 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 22 | 24 | +9.1% |
| 3 Bedrooms | 59 | 52 | -11.9% |
| 4 Bedrooms | 61 | 59 | -3.3% |
| 5+ Bedrooms | 45 | 56 | +24.4% |
Summary: The Rehoboth Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 24.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rehoboth Beach, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Rehoboth Beach in November 2024, down by 21.9% month-over-month. Of the 25 sold homes, 56% were sold under asking, 16% were sold at asking, and 28% were sold over asking.
Days on Market for Rehoboth Beach, DE
How long does it take to sell a home in Rehoboth Beach, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 49 Days | -18.7% |
Summary: Homes in Rehoboth Beach had an average of 49 days on market in Nov 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rehoboth Beach are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Rehoboth Beach; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
