$8,905 Closing Credit*
$749,900
2,900 SqFt
4 Beds
•3 Full Baths, 1 Partial
Robert B. Arlett, Listing Office: Weichert, Realtors - Beach Bound
Is Selbyville, 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, Selbyville was a Seller's Market.
Key Takeaway
Selbyville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Selbyville, DE
How much do homes in Selbyville, DE cost?
Median Sold Price
$557,993
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$38,993(+7.5%)
Key Takeaway
Homes in Selbyville have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Selbyville was $557,993 in November 2024, up 7.5% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $290K | N/A |
| 2 Bedrooms | $332.7K | $337.5K | +1.4% |
| 3 Bedrooms | $495K | $522.5K | +5.6% |
| 4 Bedrooms | $565K | $649.9K | +15.0% |
| 5+ Bedrooms | $1.2M | $939K | -23.0% |
Summary: Selbyville 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 1.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 23%.
Median Sold Price Compared To Nearby Cities
| Selbyville | $519K | $557.9K | +7.5% |
| Selbyville-Frankford | $529.8K | $555.5K | +4.9% |
Housing Supply in Selbyville, DE
How many homes are available in Selbyville, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 182 | 176 | -3.3% |
Summary: The Selbyville real estate market had 176 homes for sale in November 2024, a 3.3% 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 | 12 | 10 | -16.7% |
| 3 Bedrooms | 87 | 83 | -4.6% |
| 4 Bedrooms | 72 | 68 | -5.6% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Selbyville 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 16.7%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 18 | -47.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Selbyville, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Selbyville in November 2024, down by 47.1% month-over-month. Of the 18 sold homes, 78% were sold under asking, 17% were sold at asking, and 6% were sold over asking.
Days on Market for Selbyville, DE
How long does it take to sell a home in Selbyville, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 98 Days | +65.2% |
Summary: Homes in Selbyville had an average of 98 days on market in Nov 2024, up by 65.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Selbyville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Selbyville; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
