Lewes, DE Foreclosures
How much do homes sell for in Lewes, DE?
The average home price is currently $459,043.
In Lewes, DE, how many homes are available?
There are currently 33 active home listings available in Lewes.
What’s the average rental cost in Lewes, DE?
The average rental price in Lewes is $1,654.
What is the most expensive home in Lewes?
The most expensive home sold in Lewes had a price of $8,826,489.
What is currently the cheapest priced home in Lewes, DE?
The cheapest home for sale in Lewes is priced at $10,885.
Living in Lewes, DE
Lewes, Delaware is a picturesque coastal town offering a laid-back lifestyle near the beautiful beaches of the Delaware Bay. With an array of amenities including local shops, restaurants, and excellent schools, it caters to families and retirees alike. Outdoor enthusiasts will appreciate the parks and recreational activities that make Lewes a vibrant community.
Current Market Conditions in Lewes, DE
The real estate market in Lewes, DE has shown significant activity recently, with a combination of increased demand and fluctuating inventory levels. Buyers are showing strong interest in properties, particularly those near the coastline, which has led to competitive bidding in some cases. This trend has resulted in rising home prices, particularly for desirable properties that feature ocean views or easy access to the beach.
Overall, the real estate outlook appears positive, with ongoing development and interest in the area enhancing its appeal to newcomers. Luxury homes and waterfront properties are particularly sought after, driving market trends upward.
Home Value Estimator For Lewes, DE
There are currently 15,749 real estate properties
in Lewes, DE,
with a median automated valuation model (AVM) price
of $376,057.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lewes, DE, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lewes, DE,
is $459,043.00, with the most expensive house
in Lewes, DE, topping out
at $8,826,489.00 and the cheapest home
in Lewes, DE,
clocking in at $10,885.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lewes, DE!
Rent Prices
In Lewes, DE
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lewes, DE, is on
a rollercoaster ride. The
average rent price in Lewes, DE,
is $1,654.00. Indeed, when looking to rent in
Lewes, DE, you can expect to pay as little
as $1,060.00 or as much
as $3,260.00,
with the average rent median estimated to
be $1,640.00. The good news is that finding
an affordable and desirable property to rent in Lewes, DE
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
