Is Middlesex Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Middlesex Township was a Seller's Market.
Key Takeaway
Middlesex Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Middlesex Township, PA
How much do homes in Middlesex Township, PA cost?
Median Sold Price
$305,700
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middlesex Township have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Middlesex Township was $305,700 in May 2024, down 4.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $158.5K | $216.5K | +36.6% |
| 3 Bedrooms | $276K | $291K | +5.4% |
| 4 Bedrooms | $426K | $487.5K | +14.4% |
| 5+ Bedrooms | $750K | $549.5K | -26.7% |
Summary: Middlesex Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 26.7%.
Median Sold Price Compared To Nearby Cities
| Middlesex Township | $320.6K | $305.7K | -4.7% |
| Silver Spring Township | $450K | $395K | -12.2% |
Housing Supply in Middlesex Township, PA
How many homes are available in Middlesex Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 24 | +9.1% |
Summary: The Middlesex Township real estate market had 24 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Middlesex Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middlesex Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Middlesex Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Middlesex Township, PA
How long does it take to sell a home in Middlesex Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +3.1% |
Summary: Homes in Middlesex Township had an average of 19 days on market in May 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middlesex Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Middlesex Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
