$8,467 Closing Credit*
$713,000
2,425 SqFt
3 Beds
•3 Full Baths
Darren T. McShane, Listing Office: BAY COAST REALTY
Is Selbyville, 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, Selbyville was a Seller's Market.
Key Takeaway
Selbyville 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, DE
How much do homes in Selbyville, DE cost?
Median Sold Price
$559,995
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$39,995(+7.7%)
Key Takeaway
Homes in Selbyville have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Selbyville was $559,995 in October 2024, up 7.7% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $290K | N/A |
| 2 Bedrooms | $332.7K | $335K | +0.7% |
| 3 Bedrooms | $504.5K | $518.9K | +2.9% |
| 4 Bedrooms | $575K | $649.9K | +13.0% |
| 5+ Bedrooms | $1.1M | $939K | -14.6% |
Summary: Selbyville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Selbyville | $520K | $559.9K | +7.7% |
| Selbyville-Frankford | $531.9K | $550.4K | +3.5% |
Housing Supply in Selbyville, DE
How many homes are available in Selbyville, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 171 | 187 | +9.4% |
Summary: The Selbyville real estate market had 187 homes for sale in October 2024, a 9.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 79 | 88 | +11.4% |
| 4 Bedrooms | 68 | 76 | +11.8% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Selbyville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selbyville, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Selbyville in October 2024, up by 35.0% month-over-month. Of the 27 sold homes, 70% were sold under asking, 22% were sold at asking, and 7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 65 Days | +38.3% |
Summary: Homes in Selbyville had an average of 65 days on market in Oct 2024, up by 38.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 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 October 2024, 27 homes were sold in Selbyville; 37% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
