Bear appreciation rates and housing market information

Bear housing market information

With 17,438 people, 9,094 houses or apartments, and a median cost of homes of $320,500, Bear real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Bear, accounting for 61.03% of the town's housing units. Other types of housing that are prevalent in Bear include row houses and other attached homes (24.26%), mobile homes or trailers (7.92%), large apartment complexes or high rise apartments (5.33%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.46%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Bear. Owner-occupied housing accounts for 82.32% of Bear's homes, and 76.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bear built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bear built from 1995 and later (27.96%). A lesser amount of the housing stock also hails from 1940-1969 (7.16%), and some were built from 1939 and earlier (7.16%).

Bear home appreciation rates

Appreciation rates for homes in Bear have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.62%, which ranks in the top 30% nationwide. This equates to an annual average Bear house appreciation rate of 10.16%.

Over the last year, Bear appreciation rates have trailed the rest of the nation. In the last twelve months, Bear's appreciation rate has been -1.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bear were at -1.37%, which equates to an annual appreciation rate of -5.48%.

Relative to Delaware, our data show that Bear's latest annual appreciation rate is higher than 22% of the other cities and towns in Delaware.