2022 Mid-Year Review - Ocean Atlantic

Mid-Year 2022 Home Sales and Trends

MARKET ANALYSIS: JANUARY 1 — JUNE 30, 2022

Understanding trends and historical sales data across Coastal Delaware real estate can be a challenging world to navigate. Various neighborhoods and amenity-rich communities can garner considerably higher sales prices compared to adjacent and surrounding towns. With this in mind, we've broken down the latest sales statistics of single family homes for individual towns and larger communities to give you a better idea of where home values stand.

Click on the any town in the chart below to view homes currently for sale.

Town	# Homes Sold	From 2021	Avg. Sold Price Mid-2022	From 2021	Low Sold Price Mid-2022	High Sold Price Mid-2022
Bethany Beach	79	-13.2%	$1,657,292	28.6%	$549,000	$7,050,000
Dagsboro	63	-19.2%	$497,780	15.7%	$84,000	$850,000
Dewey Beach	5	-75.0%	$1,411,000	-16.1%	$850,000	$2,500,000
Fenwick Island	4	-77.8%	$1,937,500	26.5%	$850,000	$2,500,000
Frankford	63	-20.3%	$584,439	46.4%	$215,000	$1,285,000
Georgetown	81	-27.0%	$379,558	19.5%	$65,000	$856,500
Harbeson	39	18.2%	$580,133	24.5%	$120,000	$1,195,000
Lewes	369	12.2%	$672,404	18.4%	$52,250	$2,145,000
Lewes Beach*	6	-64.7%	$1,527,500	15.4%	$1,050,000	$2,145,000
Milford	147	33.6%	$345,230	14.4%	$100,000	$1,537,500
Millsboro*	211	3.9%	$428,176	18.3%	$34,000	$940,000
— The Peninsula	45	4.7%	$919,606	27.6%	$536,817	$2,290,000
Millville	26	13.0%	$533,733	16.3%	$330,000	$799,900
Milton	164	0.0%	$504,128	15.7%	$80,000	$2,725,000
Ocean View	149	6.4%	$587,849	21.9%	$200,000	$1,340,000
Rehoboth Beach	157	-28.0%	$1,175,850	13.0%	$371,000	$4,000,000
Selbyville*	70	-4.1%	$582,644	27.9%	$152,900	$2,199,929
— Bayside	13	-13.3%	$920,355	14.7%	$685,000	$1,650,000
Totals	1,691	-4.2%	$847,010	16.7%	—	—

Town

# Homes Sold

From 2021

Avg. Sold Price Mid-2022

From 2021

Low Sold Price Mid-2022

High Sold Price Mid-2022

Bethany Beach

-13.2%

$1,657,292

28.6%

$549,000

$7,050,000

Dagsboro

-19.2%

$497,780

15.7%

$84,000

$850,000

Dewey Beach

-75.0%

$1,411,000

-16.1%

$850,000

$2,500,000

Fenwick Island

-77.8%

$1,937,500

26.5%

$850,000

$2,500,000

Frankford

-20.3%

$584,439

46.4%

$215,000

$1,285,000

Georgetown

-27.0%

$379,558

19.5%

$65,000

$856,500

Harbeson

18.2%

$580,133

24.5%

$120,000

$1,195,000

Lewes

369

12.2%

$672,404

18.4%

$52,250

$2,145,000

Lewes Beach*

-64.7%

$1,527,500

15.4%

$1,050,000

$2,145,000

Milford

147

33.6%

$345,230

14.4%

$100,000

$1,537,500

Millsboro*

211

3.9%

$428,176

18.3%

$34,000

$940,000

— The Peninsula

4.7%

$919,606

27.6%

$536,817

$2,290,000

Millville

13.0%

$533,733

16.3%

$330,000

$799,900

Milton

164

0.0%

$504,128

15.7%

$80,000

$2,725,000

Ocean View

149

6.4%

$587,849

21.9%

$200,000

$1,340,000

Rehoboth Beach

157

-28.0%

$1,175,850

13.0%

$371,000

$4,000,000

Selbyville*

-4.1%

$582,644

27.9%

$152,900

$2,199,929

— Bayside

-13.3%

$920,355

14.7%

$685,000

$1,650,000

Totals

1,691

-4.2%

$847,010

16.7%

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