$10,000 Closing Credit*
$950,000
1,672 SqFt
3 Beds
•2 Full Baths, 1 Partial
DAWN HUDSON, Listing Office: Northrop Realty
Is South Bethany, 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, South Bethany was a Seller's Market.
Key Takeaway
South Bethany 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 South Bethany, DE
How much do homes in South Bethany, DE cost?
Median Sold Price
$1,405,000
$601/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$305,000(+27.7%)
Key Takeaway
Homes in South Bethany have sold for 27.7% more than they did a year ago.
Summary: The median home sold price in South Bethany was $1,405,000 in October 2024, up 27.7% from last year, and the median price per square foot was $601.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $560K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $897.5K | $857.5K | -4.5% |
| 4 Bedrooms | $1.3M | $1.4M | +8.1% |
| 5+ Bedrooms | $1.9M | $2.0M | +3.2% |
Summary: South Bethany 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 did not change, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| South Bethany | $1.1M | $1.4M | +27.7% |
| Selbyville-Frankford | $531.9K | $550.4K | +3.5% |
Housing Supply in South Bethany, DE
How many homes are available in South Bethany, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The South Bethany real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Bethany housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Bethany, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South Bethany in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 146 Days | 156 Days | +6.5% |
Summary: Homes in South Bethany had an average of 156 days on market in Oct 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in South Bethany are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in South Bethany; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
