Rehoboth Beach
Single Family Homes | Q1 2023 - Coastal Delaware
Med. Sales Price
$1.01m
17% more than in
Q1 2022
Q1 2022
Avg. Days On Market
37
42% more than in
Q1 2022
Q1 2022
Closed Sales
66
8% fewer than in
Q1 2022
Q1 2022
Inventory
92
Data unavailable for
Q1 2022
Q1 2022
Sales Price vs. Closed Sales
Single Family Homes
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '19 | $625k | $933k | 67 |
| Q1 '20 | $600k | $789k | 71 |
| Q1 '21 | $710k | $1.03m | 103 |
| Q1 '22 | $862k | $1.11m | 72 |
| Q1 '23 | $1.01m | $1.17m | 66 |
Closed
New
Inventory
Closed Sales by Price
Single Family Homes
| Closed Under $500k | 9.1% |
|---|---|
| Q1 '23 | 6 |
| Q1 '22 | 17 |
| 1YR CHANGE | -65% |
| Closed $500k - $1m | 39.4% |
| Q1 '23 | 26 |
| Q1 '22 | 29 |
| 1YR CHANGE | -10% |
| Closed $1m - $2m | 42.4% |
| Q1 '23 | 28 |
| Q1 '22 | 15 |
| 1YR CHANGE | +87% |
| Closed Over $2m | 9.1% |
| Q1 '23 | 6 |
| Q1 '22 | 11 |
| 1YR CHANGE | -45% |
Median Sales Price vs. Average Days on Market
Single Family Homes
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '19 | 128 | $625k |
| Q1 '20 | 105 | $600k |
| Q1 '21 | 54 | $710k |
| Q1 '22 | 26 | $862k |
| Q1 '23 | 37 | $1.01m |
By Year
By Price
Market Data by Year
Single Family Homes
| Q1 2023
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'22 - '23
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
n/a
New Listings
New Listings represents the number of properties listed during the quarter.
-7%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
n/a
Closed Sales
-8%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
42%