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| APRIL 2025 | |||
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| Zip Code(s): 19971 | |||
| Units Sold 46 |
Active Inventory 251 |
Median Sale Price $833,248 |
Days On Market 38 |
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| No Change Vs. Year Ago |
Up 71% Vs. Year Ago |
Down -7% Vs. Year Ago |
Down -16% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in April, with 46 sold this month in Rehoboth Beach Real Estate, a decrease of 21%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 104 units or 71%. The total number of active inventory this April was 251 compared to 147 in April 2024. This month's total of 251 is higher than the previous month's total supply of available inventory of 233, an increase of 8%. |
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Median Sale Price
Last April, the median sale price for Rehoboth Beach Homes was $894,000. This April, the median sale price was $833,248, a decrease of 7% or $60,752 compared to last year. The current median sold price is 3% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 80 |
Current Contracts 37 |
Sold Vs. List Price 97.1% |
Months of Supply 5.5 |
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| Up 36% Vs. Year Ago |
Down -24% Vs. Year Ago |
Down -3.1% Vs. Year Ago |
Up 71% Vs. Year Ago |
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Months of Supply
In April, there was 5.5 months of supply available in Rehoboth Beach, compared to 3.2 in April 2024. That is an increase of 71% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 80 homes newly listed for sale in Rehoboth Beach compared to 59 in April 2024, an increase of 36%. There were 37 current contracts pending sale this April compared to 49 a year ago. The number of current contracts is 24% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Rehoboth Beach was 97.1% of the average list price, which is 3.1% lower than at this time last year. Days on Market
This month, the average number of days on market was 38, lower than the average last year, which was 45, a decrease of 16%. | |||
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Rehoboth Beach are defined as properties listed in zip code/s 19971. | ||
| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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