$425,000
16.75 Acres
Land
John R Gorski, Listing Office: The Land Group
Is Selbyville-Frankford, 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-Frankford was a Seller's Market.
Key Takeaway
Selbyville-Frankford is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Selbyville-Frankford, DE
How much do homes in Selbyville-Frankford, DE cost?
Median Sold Price
$555,535
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,735(+4.9%)
Key Takeaway
Homes in Selbyville-Frankford have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Selbyville-Frankford was $555,535 in November 2024, up 4.9% 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 | $406K | $420K | +3.4% |
| 2 Bedrooms | $352K | $375K | +6.5% |
| 3 Bedrooms | $469.6K | $498.3K | +6.1% |
| 4 Bedrooms | $624.9K | $651.6K | +4.3% |
| 5+ Bedrooms | $1.0M | $1.1M | +7.0% |
Summary: Selbyville-Frankford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Selbyville | $519K | $557.9K | +7.5% |
| Selbyville-Frankford | $529.8K | $555.5K | +4.9% |
| Dagsboro | $417K | $427.5K | +2.5% |
| Frankford | $535K | $502K | -6.2% |
Housing Supply in Selbyville-Frankford, DE
How many homes are available in Selbyville-Frankford, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 651 | 595 | -8.6% |
Summary: The Selbyville-Frankford real estate market had 595 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 41 | 37 | -9.8% |
| 3 Bedrooms | 315 | 282 | -10.5% |
| 4 Bedrooms | 220 | 205 | -6.8% |
| 5+ Bedrooms | 73 | 66 | -9.6% |
Summary: The Selbyville-Frankford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 9.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 144 | 97 | -32.6% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selbyville-Frankford, you may be able to get a good deal. 66% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in Selbyville-Frankford in November 2024, down by 32.6% month-over-month. Of the 97 sold homes, 66% were sold under asking, 22% were sold at asking, and 12% were sold over asking.
Days on Market for Selbyville-Frankford, DE
How long does it take to sell a home in Selbyville-Frankford, DE?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 54 Days | -5.6% |
Summary: Homes in Selbyville-Frankford had an average of 54 days on market in Nov 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Selbyville-Frankford are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 97 homes were sold in Selbyville-Frankford; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
