Is South Bethany, DE a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Bethany is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, South Bethany has remained a Seller's Market.

Key Takeaway

South Bethany is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Bethany, DE

How much do homes in South Bethany, DE cost?

Median Sold Price

$1,400,000

$568/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$300,000(+27.3%)

Key Takeaway

Homes in South Bethany have sold for 27.3% more than they did a year ago.

Summary: The median home sold price in South Bethany was $1,400,000 in November 2024, up 27.3% from last year, and the median price per square foot was $568.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $897.5K$857.5K
-4.5%
4 $1.2M$1.3M
+6.0%
5+ $1.9M$2.1M
+7.7%

Summary: South Bethany 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 did not change, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

South Bethany
+27.3%
Selbyville-Frankford
+4.9%

Housing Supply in South Bethany, DE

How many homes are available in South Bethany, DE?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The South Bethany real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 22
0.0%
5+ 43
-25.0%

Summary: The South Bethany 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Bethany, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in South Bethany in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for South Bethany, DE

How long does it take to sell a home in South Bethany, DE?

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days6 Days-89.0%

Summary: Homes in South Bethany had an average of 6 days on market in Nov 2024, down by 89% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Bethany are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in South Bethany; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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