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View Market Statistics For Sussex County, Delaware
Welcome to the monthly issue of Real Estate Market Watch. As a prospective buyer or seller, you’ll find it to be an extremely useful tool. The statistical analysis contained in this publication will give you valuable market information and trends for real estate in Sussex County, Delaware.
For Buyers, Real Estate Market Watch will be a valuable tool for making an offer on a property. Having up-to-date information on selling prices of comparable homes will allow you to make the smartest offer.
For Sellers, Real Estate Market Watch will afford you the knowledge to determine the listing price for your property, allowing you to obtain the best possible sale price in the shortest amount of time.
Lewes Office 16712 Kings Highway
Lewes, DE 19958
(302) 645-6661
Rehoboth Office 37230 Rehoboth Ave. Ext. Rehoboth Beach, DE 19971
(302) 227-6101
Bethany Office 33292 Coastal Highway #1 Bethany Beach, DE 19930
(302) 537-2616
Current Market Conditions For Sussex County, DE (as of 4/30/2019—based on sales of single-family homes) Total Single Family Homes on the Market as of 4/30/2019 ........... 2,028 2% from last month Inventory Breakdown: Resale Homes—76% New Const.—24% Total Single Family Homes Sold Current Year .............................. 1,080 Total Single Family Homes Sold Previous Year ............................ 1,068 % Change in Homes Sold ............................................................... 1% Average Price of Homes Sold Current Year ............................. $389,929 Average Price of Homes Sold Previous Year ........................... $403,427 % Change in Average Price ............................................................ 3% Median Price of Homes Sold Current Year .............................. $292,500 Median Price of Homes Sold Previous Year ............................ $310,000 % Change in Median Price ............................................................. 6% Average Days on Market of Homes Sold Current Year .................... 110 Average Days on Market of Homes Sold Previous Year .................. 130 % Change in Average Days on Market ........................................ 15% Statistics compiled from the Bright Multiple Listing Service, and may not reflect all homes on the market.
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Month Ending April 2019
Bethany, Ocean View, & Fenwick Area (Jan-Apr 2019)
Angola, Long Neck & Millsboro Area (Jan-Apr 2019)
Milton, Harbeson & Broadkill Area (Jan-Apr 2019)
Total Units Sold
2019 ................................. 216
2018 ................................. 214
Average Sales Price
2019 ........................ $711,341
2018 ........................ $651,955
Median Sales Price
2019 ........................ $550,000
2018 ........................ $498,111
Current Active Inventory
Units Active .. 414 Resale Homes ................ 316 New Const. ................. 98
Average List Price ................ $927,770 Median List Price .................. $522,400
Lewes, Rehoboth & Dewey Area (Jan-Apr 2019)
Current Active Inventory
Units Active .. 562 Resale Homes ................ 434 New Const. .............. 128
Average List Price ................ $657,972 Median List Price .................. $414,750
Current Active Inventory
Units Active .. 155 Resale Homes ................... 88 New Const. ................. 67
Average List Price ................ $369,722 Median List Price .................. $349,900
Current Active Inventory
Units Active .. 370 Resale Homes ................ 262 New Const. .............. 108
Average List Price ................ $398,663 Median List Price .................. $335,322
10%
Total Units Sold By Price Range in 2019
Under $100,000 ........................................ 0
$100,000-$200,000 .................................. 0
$200,000-$300,000 ............................... 12
$300,000-$400,000 ............................... 43
$400,000-$500,000 ............................... 32
$500,000-$600,000 ............................... 37
$600,000-$700,000 ............................... 29
$700,000-$800,000 ............................... 16
$800,000-$900,000 ............................... 13
$900,000-$1,000,000 ............................... 4
Over $1,000,000 .................................... 30
Total Units Sold
2019 ................................. 261
2018 ................................. 289
Average Sales Price
2019 ........................ $470,146
2018 ........................ $523,509
Median Sales Price
2019 ........................ $395,000
2018 ........................ $420,000
Total Units Sold By Price Range in 2019
Under $100,000 ........................................ 6
$100,000-$200,000 ............................... 20
$200,000-$300,000 ............................... 52
$300,000-$400,000 ............................... 58
$400,000-$500,000 ............................... 52
$500,000-$600,000 ............................... 25
$600,000-$700,000 ............................... 12
$700,000-$800,000 .................................. 4
$800,000-$900,000 ............................... 10
$900,000-$1,000,000 ............................... 6
Over $1,000,000 .................................... 16
Total Units Sold
2019 ................................. 121
2018 ................................. 137
Average Sales Price
2019 ........................ $332,276
2018 ........................ $350,809
Median Sales Price
2019 ........................ $280,000
2018 ....................... $293,500
Total Units Sold By Price Range in 2019
Under $100,000 ....................................... 6
$100,000-$200,000 ............................... 27
$200,000-$300,000 ............................... 33
$300,000-$400,000 ............................... 28
$400,000-$500,000 ............................... 13
$500,000-$600,000 .................................. 5
$600,000-$700,000 .................................. 3
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 2
$900,000-$1,000,000 ............................... 0
Over $1,000,000 ....................................... 4
Total Units Sold
2019 ................................. 77
2018 ................................... 61
Average Sales Price
2019 ........................ $293,842
2018 ........................ $325,757
Median Sales Price
2019 ........................ $311,700
2018 ........................ $320,000
Total Units Sold By Price Range in 2019
Under $100,000 ........................................ 6
$100,000-$200,000 ............................... 10
$200,000-$300,000 ............................... 18
$300,000-$400,000 ............................... 34
$400,000-$500,000 .................................. 8
$500,000-$600,000 .................................. 0
$600,000-$700,000 .................................. 1
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 ............................... 0
Over $1,000,000 ....................................... 0
10%
6%
12%
5%
5%
26%
10%
3%
12-Month Analysis: New Vs. Pending Listings Bethany, Ocean View & Fenwick Area
12-Month Analysis: New Vs. Pending Listings Angola, Long Neck & Millsboro Area
12-Month Analysis: New Vs. Pending Listings Milton, Harbeson & Broadkill Area
1%
9%
10%
12-Month Analysis: New Vs. Pending Listings Lewes, Rehoboth & Dewey Area
Georgetown Area (Jan-Apr 2019)
Milford, Lincoln & Slaughter Beach Area (Jan-Apr 2019)
Dagsboro & Millsboro Area (Jan-Apr 2019)
Western Sussex County (Jan-Apr 2019)
Current Active Inventory
Units Active ...... 33 Resale Homes ...................30 New Const. ................... 3
Average List Price ................ $364,758 Median List Price ................. $261,900
Current Active Inventory
Units Active ... 146 Resale Homes ................ 113 New Const. ................. 33
Average List Price ................ $308,187 Median List Price ................. $257,450
Current Active Inventory
Units Active ...... 93 Resale Homes ...................74 New Const. ................. 19
Average List Price ................ $332,822 Median List Price ................. $299,000
Current Active Inventory
Units Active ... 255 Resale Homes ................ 228 New Const. ................. 27
Average List Price ................ $239,531 Median List Price ................. $224,900
Total Units Sold
2019 ................................... 28
2018 ................................... 22
Average Sales Price
2019 ....................... $220,718
2018 ....................... $178,787
Median Sales Price
2019 ....................... $210,500
2018 ....................... $188,500
Total Units Sold By Price Range in 2019
Under $100,000 ........................................ 1
$100,000-$200,000 ................................ 11
$200,000-$300,000 ................................ 13
$300,000-$400,000 .................................. 2
$400,000-$500,000 .................................. 1
$500,000-$600,000 .................................. 0
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
Total Units Sold
2019 ................................... 95
2018 ................................... 80
Average Sales Price
2019 ....................... $229,080
2018 ....................... $213,523
Median Sales Price
2019 ....................... $210,000
2018 ....................... $209,250
Total Units Sold By Price Range in 2019
Under $100,000 ........................................ 7
$100,000-$200,000 ................................ 33
$200,000-$300,000 ................................ 40
$300,000-$400,000 ................................ 12
$400,000-$500,000 .................................. 1
$500,000-$600,000 .................................. 1
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 1
Total Units Sold
2019 ................................... 51
2018 ................................... 60
Average Sales Price
2019 ....................... $238,116
2018 ....................... $243,946
Median Sales Price
2019 ....................... $229,900
2018 ....................... $249,950
Total Units Sold By Price Range in 2019
Under $100,000 ........................................ 4
$100,000-$200,000 ................................ 12
$200,000-$300,000 ................................ 29
$300,000-$400,000 .................................. 4
$400,000-$500,000 .................................. 0
$500,000-$600,000 .................................. 1
$600,000-$700,000 .................................. 1
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
Total Units Sold
2019 ................................ 231
2018 ................................. 205
Average Sales Price
2019 ....................... $181,158
2018 ....................... $177,871
Median Sales Price
2019 ....................... $183,000
2018 ....................... $175,000
Total Units Sold By Price Range in 2019
Under $100,000 ...................................... 38
$100,000-$200,000 .............................. 111
$200,000-$300,000 ................................ 71
$300,000-$400,000 .................................. 8
$400,000-$500,000 .................................. 3
$500,000-$600,000 .................................. 0
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
27%
24%
12%
19%
7%
15%
2%
8%
13%
2%
5%
12-Month Analysis: New Vs. Pending Listings Georgetown Area
12-Month Analysis: New Vs. Pending Listings Milford, Lincoln & Slaughter Beach Area
12-Month Analysis: New Vs. Pending Listings Dagsboro & Millsboro Area
12-Month Analysis: New Vs. Pending Listings Western Sussex County
What Is My Home Worth In Today’s Market?
Are you thinking about selling and curious about the value of your home?
There are many home-valuation websites that will give you an Automated Valuation Model (AVM). These are prop-erty valuations using mathematical models combined with online property records.
Your most accurate value will be determined by a seasoned real estate professional who is familiar with your local real estate market and has actually viewed comparable homes in your market. For a proper analysis of your home, trust us to provide you with the most accurate details and analysis of your property.
Call us today for a complimentary Comparable Market Analysis (CMA) on your home.
About Berkshire Hathaway HomeServices Gallo Realty
Gallo Realty began as a two-person team in 1979, founded by current owners Sal & Bette Gallo. Since
then, the firm has flourished, growing to over 120 sales associates, rental associates and support staff.
Since 1979, the firm has strived to provide the highest quality customer service: “At Berkshire Hatha-
way HomeServices Gallo Realty, our goal is to exceed the customer’s expectations for reliable service
and professional assistance in selling, buying or renting real estate.”
The majority of our sales and rental associates have lived and worked in our resort area for quite some
time . . . many of whom were raised here, and others who are now raising their children here. As our
growth and success have increased over the years, so has our commitment to our community, which is
visible through our personal volunteerism and financial support of our local schools, charities, the arts
and other organizations.
Community Minded, Customer Focused