REHOBOTH BEACH HOUSING MARKET DATA

There was an increase in total units sold in March, with 58 sold this month in Rehoboth Beach Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 76 units or 51%. The total number of active inventory this March was 225 compared to 149 in March 2024. This month's supply remained stable as compared to last month.

Last March, the median sale price for Rehoboth Beach Homes was $817,965. This March, the median sale price was $812,732, a decrease of 1% or $5,233 compared to last year. The current median sold price is 6% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 3.9 months of supply available in Rehoboth Beach. The amount of supply is similar compared to 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.

This month there were 69 homes newly listed for sale in Rehoboth Beach compared to 62 in March 2024, an increase of 11%. There were 55 current contracts pending sale this March compared to 44 a year ago. The number of current contracts is 25% higher than last March.

In March, the average sale price in Rehoboth Beach was 98.1% of the average list price, which is 2.7% lower than at this time last year.

This month, the average number of days on market was 53, higher than the average last year, which was 47, an increase of 13%.





FOCUS ON: REHOBOTH BEACH HOUSING MARKET			MARCH 2025

Zip Code(s): 19971
Units Sold 58	Active Inventory 225	Median Sale Price $812,732	Days On Market 53

Up Vs. Year Ago	Up 51% Vs. Year Ago	Down -1% Vs. Year Ago	Up 13% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 58 sold this month in Rehoboth Beach Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 76 units or 51%. The total number of active inventory this March was 225 compared to 149 in March 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last March, the median sale price for Rehoboth Beach Homes was $817,965. This March, the median sale price was $812,732, a decrease of 1% or $5,233 compared to last year. The current median sold price is 6% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 69	Current Contracts 55	Sold Vs. List Price 98.1%	Months of Supply 3.9

Up 11% Vs. Year Ago	Up 25% Vs. Year Ago	Down -2.7% Vs. Year Ago	No Change Vs. Year Ago


		Months of Supply In March, there was 3.9 months of supply available in Rehoboth Beach. The amount of supply is similar compared to 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.
New Listings & Current Contracts This month there were 69 homes newly listed for sale in Rehoboth Beach compared to 62 in March 2024, an increase of 11%. There were 55 current contracts pending sale this March compared to 44 a year ago. The number of current contracts is 25% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Rehoboth Beach was 98.1% of the average list price, which is 2.7% lower than at this time last year. Days on Market This month, the average number of days on market was 53, higher than the average last year, which was 47, an increase of 13%.


	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.