Lewes, DE Home Values & Market Trends

Real estate market trends reflect that there have been 1,344 transactions over the past year in Lewes. The median value for residential home transactions that occurred over the previous year is $502,650.56. The number of current listings in Lewes is 129, and the percentage of properties for sale in the city is 129.00%. Lewes, DE currently has 5 properties in foreclosure, 1 bank owned properties, 1 properties headed for auction, and 129 properties for sale.

Lewes, DE Real Estate Market Overview

ZipMedian Est. Value
19958

$ 587,272

$ 260/sqft

Housing Market Summary for Lewes, DE

Apr 2023March 2024Change
Median Listing Price$600K$557.6K-7.07%
Median Sold Price$561.9K$557.6K-0.77%
Homes For Sale8112048.15%
Homes Sold415385-7.23%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Lewes, DE

Lewes home values range from $78,047 to $8,826,489. The median estimated value of a home in Lewes is $502,650.56. The median list price of a home is 639,000, and the total count of properties in the city is 21,568.

Foreclosure
There is 1 zips within Lewes, DE; within this zips, the median estimated home value for homes in foreclosure ranges from $495,000 in 19958 to the lowest value of $185,000 in 19958. Foreclosure homes account for 0.00% of properties in Lewes, DE with 19958 containing 5 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.01% of all residential properties in Lewes, DE with 19958 containing 3 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lewes, DE; of that zips, the estimated home value for pre-foreclosure homes ranges from $495,000 in 19958 to the lowest home value of $474,000 in 19958.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Lewes, DE ranges from the highest value of $185,000 in 19958 to the lowest value of $185,000 in 19958. Bank owned homes and properties account for 0.00% of properties in Lewes, DE. There is 1 zips within Lewes, DE; 19958 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    19958 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Lewes, DE. Auction homes and other auction properties account for 0.00% of all properties in Lewes, DE. There is 1 zips within Lewes, DE; of that zips, the median estimated home value for homes going to auction ranges from $0 in 19958 to the lowest value of $0 in 19958.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.60% of residential properties in Lewes, DE with 19958 containing 129 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Lewes, DE; homes for sale in that zips, have a range of median values from $2,950,000 in 19958 to the lowest value of $146,600 in 19958.
    Sold Homes
    The median value for recently sold homes ranges from $5,720,417 in 19958 to the lowest price of $78,047 in 19958. There is 1 zips within Lewes, DE. 19958 has 395 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.83% of properties in Lewes, DE.

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      Guide for Lewes, DE

      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports
      Anchorage Real Estate Market Report April 2024
      See More Articles
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.

      Anchorage Real Estate Market Report April 2024
      Market Reports|posted 17 April 2024

      An examination of the real estate market in Anchorage, Alaska, comparing property values, sales trends, and foreclosure rates with nearby cities to provide a comprehensive understanding of regional market trends.

      Recently Listed Homes Lewes, DE

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