$4,800,000
4,952 SqFt
5 Beds
•3 Full Baths, 1 Partial
BRYCE LINGO, Listing Office: Jack Lingo - Rehoboth
Is Rehoboth Beach, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$744,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$43,981(-5.6%)
Key Takeaway
Homes in Rehoboth Beach have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Rehoboth Beach was $744,000 in October 2024, down 5.6% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $450K | +12.5% |
| 2 Bedrooms | $425K | $445K | +4.7% |
| 3 Bedrooms | $683.8K | $658.5K | -3.7% |
| 4 Bedrooms | $871.4K | $850K | -2.5% |
| 5+ Bedrooms | $1.0M | $1.4M | +43.4% |
Summary: Rehoboth Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 43.4%.
Housing Supply in Rehoboth Beach, DE
How many homes are available in Rehoboth Beach, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 188 | 210 | +11.7% |
Summary: The Rehoboth Beach real estate market had 210 homes for sale in October 2024, a 11.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 57 | 67 | +17.5% |
| 4 Bedrooms | 60 | 68 | +13.3% |
| 5+ Bedrooms | 44 | 46 | +4.5% |
Summary: The Rehoboth Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 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. 41.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Rehoboth Beach in October 2024, up by 16.0% month-over-month. Of the 29 sold homes, 41% were sold under asking, 24% were sold at asking, and 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +3.8% |
Summary: Homes in Rehoboth Beach had an average of 23 days on market in Oct 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
22 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 Rehoboth Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Rehoboth Beach; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
