Is Middlesex, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Middlesex has remained a Neutral Market.
Key Takeaway
Middlesex 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, NY
How much do homes in Middlesex, NY cost?
Median Sold Price
$235,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middlesex have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in Middlesex was $235,000 in May 2024, down 15.8% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $525K | $170K | -67.6% |
| 2 Bedrooms | $389.9K | $205K | -47.4% |
| 3 Bedrooms | $285K | $275.5K | -3.3% |
| 4 Bedrooms | $194.5K | $302.5K | +55.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Middlesex housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.6%, 2 bedroom homes decreased by 47.4%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 55.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gorham | $257.5K | $277.5K | +7.8% |
| South Bristol | $345K | $323.7K | -6.2% |
| Middlesex | $279K | $235K | -15.8% |
Housing Supply in Middlesex, NY
How many homes are available in Middlesex, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The Middlesex real estate market had 7 homes for sale in May 2024, a 75.0% 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 | 3 | +50.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Middlesex 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 increased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Middlesex, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Middlesex in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Middlesex, NY
How long does it take to sell a home in Middlesex, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 151 Days | +4933.3% |
Summary: Homes in Middlesex had an average of 151 days on market in May 2024, up by 4933.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Middlesex are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Middlesex; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
