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 9/30/2018—based on sales of single-family homes) Total Single Family Homes on the Market as of 9/30/2018 ........... 2,081 5% from last month Inventory Breakdown: Resale Homes—67% New Const.—33% Total Single Family Homes Sold Current Year .............................. 2,677 Total Single Family Homes Sold Previous Year ............................ 2,647 % Change in Homes Sold ............................................................... 1% Average Price of Homes Sold Current Year ............................. $402,941 Average Price of Homes Sold Previous Year ........................... $380,657 % Change in Average Price ............................................................ 6% Median Price of Homes Sold Current Year .............................. $308,490 Median Price of Homes Sold Previous Year ............................ $285,000 % Change in Median Price ............................................................. 8% Average Days on Market of Homes Sold Current Year .................... 117 Average Days on Market of Homes Sold Previous Year .................. 136 % Change in Average Days on Market ........................................ 14% For more detailed statistics on specific areas, look inside!
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Month Ending September 2018
Bethany, Ocean View, & Fenwick Area (Jan-Sep 2018)
Angola, Long Neck & Millsboro Area (Jan-Sep 2018)
Milton, Harbeson & Broadkill Area (Jan-Sep 2018)
Total Units Sold
2018 ................................. 549
2017 ................................. 552
Average Sales Price
2018 ........................ $658,456
2017 ........................ $659,969
Median Sales Price
2018 ........................ $512,000
2017 ........................ $481,000
Current Active Inventory
Units Active .. 411 Resale Homes ................ 289 New Const. .............. 122
Average List Price ................ $878,469 Median List Price .................. $525,000
Lewes, Rehoboth & Dewey Area (Jan-Sep 2018)
Current Active Inventory
Units Active .. 563 Resale Homes ................ 397 New Const. .............. 166
Average List Price ................ $659,005 Median List Price .................. $414,990
Current Active Inventory
Units Active .. 144 Resale Homes ................... 92 New Const. ................. 52
Average List Price ................ $377,183 Median List Price .................. $349,450
Current Active Inventory
Units Active .. 328 Resale Homes ................ 186 New Const. .............. 142
Average List Price ................ $398,683 Median List Price .................. $329,450
6%
Total Units Sold By Price Range in 2018
Under $100,000 ........................................ 2
$100,000-$200,000 .................................. 8
$200,000-$300,000 ............................... 50
$300,000-$400,000 ............................. 116
$400,000-$500,000 ............................... 89
$500,000-$600,000 ............................... 74
$600,000-$700,000 ............................... 54
$700,000-$800,000 ............................... 41
$800,000-$900,000 ............................... 17
$900,000-$1,000,000 ............................ 15
Over $1,000,000 .................................... 83
Total Units Sold
2018 ................................. 667
2017 ................................. 573
Average Sales Price
2018 ........................ $515,265
2017 ........................ $477,915
Median Sales Price
2018 ........................ $401,000
2017 ........................ $357,755
Total Units Sold By Price Range in 2018
Under $100,000 ..................................... 11
$100,000-$200,000 ............................... 39
$200,000-$300,000 ............................. 119
$300,000-$400,000 ............................. 161
$400,000-$500,000 ............................. 107
$500,000-$600,000 ............................... 72
$600,000-$700,000 ............................... 42
$700,000-$800,000 ............................... 15
$800,000-$900,000 ............................... 25
$900,000-$1,000,000 ............................ 20
Over $1,000,000 .................................... 56
Total Units Sold
2018 ................................. 351
2017 ................................. 367
Average Sales Price
2018 ........................ $368,914
2017 ........................ $338,990
Median Sales Price
2018 ........................ $299,900
2017 ....................... $288,000
Total Units Sold By Price Range in 2018
Under $100,000 ....................................... 7
$100,000-$200,000 ............................... 54
$200,000-$300,000 ............................. 115
$300,000-$400,000 ............................... 68
$400,000-$500,000 ............................... 44
$500,000-$600,000 ............................... 22
$600,000-$700,000 ............................... 15
$700,000-$800,000 .................................. 6
$800,000-$900,000 ............................... 10
$900,000-$1,000,000 ............................... 6
Over $1,000,000 ....................................... 4
Total Units Sold
2018 ............................... 149
2017 ................................. 163
Average Sales Price
2018 ........................ $323,469
2017 ........................ $293,175
Median Sales Price
2018 ........................ $315,000
2017 ........................ $299,000
Total Units Sold By Price Range in 2018
Under $100,000 ........................................ 4
$100,000-$200,000 ............................... 21
$200,000-$300,000 ............................... 35
$300,000-$400,000 ............................... 63
$400,000-$500,000 ............................... 16
$500,000-$600,000 .................................. 7
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 1
$800,000-$900,000 .................................. 1
$900,000-$1,000,000 ............................... 0
Over $1,000,000 ....................................... 1
8%
12%
4%
9%
4%
9%
10%
5%
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%
16%
12-Month Analysis: New Vs. Pending Listings Lewes, Rehoboth & Dewey Area
Georgetown Area (Jan-Sep 2018)
Milford, Lincoln & Slaughter Beach Area (Jan-Sep 2018)
Dagsboro & Millsboro Area (Jan-Sep 2018)
Western Sussex County (Jan-Sep 2018)
Current Active Inventory
Units Active ...... 52 Resale Homes ...................30 New Const. ................. 22
Average List Price ................ $292,828 Median List Price ................. $279,900
Current Active Inventory
Units Active ... 179 Resale Homes ................ 101 New Const. ................. 78
Average List Price ................ $259,900 Median List Price ................. $259,900
Current Active Inventory
Units Active ... 120 Resale Homes ...................76 New Const. ................. 44
Average List Price ................ $318,886 Median List Price ................. $290,000
Current Active Inventory
Units Active ... 284 Resale Homes ................ 232 New Const. ................. 52
Average List Price ................ $254,484 Median List Price ................. $227,450
Total Units Sold
2018 ................................... 68
2017 ................................... 60
Average Sales Price
2018 ....................... $208,214
2017 ....................... $198,437
Median Sales Price
2018 ....................... $202,250
2017 ....................... $208,950
Total Units Sold By Price Range in 2018
Under $100,000 ...................................... 13
$100,000-$200,000 ................................ 20
$200,000-$300,000 ................................ 20
$300,000-$400,000 ................................ 12
$400,000-$500,000 .................................. 2
$500,000-$600,000 .................................. 0
$600,000-$700,000 .................................. 0
$700,000-$800,000 .................................. 1
$800,000-$900,000 .................................. 0
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
Total Units Sold
2018 ................................. 226
2017 ................................. 226
Average Sales Price
2018 ....................... $225,234
2017 ....................... $216,788
Median Sales Price
2018 ....................... $213,250
2017 ....................... $203,450
Total Units Sold By Price Range in 2018
Under $100,000 ...................................... 29
$100,000-$200,000 ................................ 70
$200,000-$300,000 ................................ 94
$300,000-$400,000 ................................ 18
$400,000-$500,000 ................................ 10
$500,000-$600,000 .................................. 2
$600,000-$700,000 .................................. 1
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 1
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 1
Total Units Sold
2018 ................................. 137
2017 ................................. 149
Average Sales Price
2018 ....................... $250,417
2017 ....................... $261,620
Median Sales Price
2018 ....................... $255,000
2017 ....................... $249,900
Total Units Sold By Price Range in 2018
Under $100,000 ........................................ 7
$100,000-$200,000 ................................ 35
$200,000-$300,000 ................................ 52
$300,000-$400,000 ................................ 39
$400,000-$500,000 .................................. 2
$500,000-$600,000 .................................. 0
$600,000-$700,000 .................................. 1
$700,000-$800,000 .................................. 0
$800,000-$900,000 .................................. 1
$900,000-$1,000,000 .............................. 0
Over $1,000,000 ....................................... 0
Total Units Sold
2018 ................................ 530
2017 ................................. 557
Average Sales Price
2018 ....................... $181,971
2017 ....................... $174,817
Median Sales Price
2018 ....................... $179,900
2017 ....................... $169,000
Total Units Sold By Price Range in 2018
Under $100,000 ...................................... 94
$100,000-$200,000 .............................. 226
$200,000-$300,000 .............................. 168
$300,000-$400,000 ................................ 33
$400,000-$500,000 .................................. 6
$500,000-$600,000 .................................. 3
$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
13%
5%
3%
4%
5%
8%
4%
2%
5%
4%
6%
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?
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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