$10,000 Closing Credit*
$1,195,000
3,600 SqFt
6 Beds
•3 Full Baths, 1 Partial
Michele Pompa, Listing Office: Coldwell Banker Realty
Is Selbyville-Frankford, 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, Selbyville-Frankford has remained a Seller's Market.
Key Takeaway
Selbyville-Frankford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Selbyville-Frankford, DE
How much do homes in Selbyville-Frankford, DE cost?
Median Sold Price
$550,472
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,557(+3.5%)
Key Takeaway
Homes in Selbyville-Frankford have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Selbyville-Frankford was $550,472 in October 2024, up 3.5% 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 | $479.5K | $420K | -12.4% |
| 2 Bedrooms | $352K | $372.5K | +5.8% |
| 3 Bedrooms | $469.8K | $490.2K | +4.3% |
| 4 Bedrooms | $625K | $647.1K | +3.5% |
| 5+ Bedrooms | $1.0M | $1.1M | +4.8% |
Summary: Selbyville-Frankford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Selbyville | $520K | $559.9K | +7.7% |
| Dagsboro | $410K | $439K | +7.1% |
| Millville | $440K | $459.9K | +4.5% |
| Selbyville-Frankford | $531.9K | $550.4K | +3.5% |
Housing Supply in Selbyville-Frankford, DE
How many homes are available in Selbyville-Frankford, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 649 | 667 | +2.8% |
Summary: The Selbyville-Frankford real estate market had 667 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 40 | 40 | 0.0% |
| 3 Bedrooms | 322 | 318 | -1.2% |
| 4 Bedrooms | 209 | 231 | +10.5% |
| 5+ Bedrooms | 74 | 76 | +2.7% |
Summary: The Selbyville-Frankford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 127 | +22.1% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
24 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. 63% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in Selbyville-Frankford in October 2024, up by 22.1% month-over-month. Of the 127 sold homes, 63% were sold under asking, 18% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 62 Days | +41.6% |
Summary: Homes in Selbyville-Frankford had an average of 62 days on market in Oct 2024, up by 41.6% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
35 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 October 2024, 127 homes were sold in Selbyville-Frankford; 47% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
