Is Middletown, OH 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, Middletown has remained a Seller's Market.
Key Takeaway
Middletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middletown, OH
How much do homes in Middletown, OH cost?
Median Sold Price
$199,750
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middletown have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Middletown was $199,750 in May 2024, up 12.3% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | - | N/A |
| 2 Bedrooms | $121.5K | $131.5K | +8.2% |
| 3 Bedrooms | $189.9K | $200K | +5.3% |
| 4 Bedrooms | $279.9K | $290K | +3.6% |
| 5+ Bedrooms | $302.5K | $305K | +0.8% |
Summary: Middletown 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 8.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Middletown | $177.9K | $199.7K | +12.3% |
| Franklin Township | $240K | $265K | +10.4% |
| Madison Township | $199.9K | $210K | +5.0% |
| Lemon Township | $330.5K | $331K | 0.2% |
| Monroe | $338.5K | $331K | -2.2% |
Housing Supply in Middletown, OH
How many homes are available in Middletown, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 137 | 137 | 0.0% |
Summary: The Middletown real estate market had 137 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 31 | 31 | 0.0% |
| 3 Bedrooms | 64 | 62 | -3.1% |
| 4 Bedrooms | 35 | 36 | +2.9% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Middletown 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 decreased by 3.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Middletown in May 2024, up by 2.5% month-over-month. Of the 41 sold homes, 44% were sold under asking, 22% were sold at asking, and 34% were sold over asking.
Days on Market for Middletown, OH
How long does it take to sell a home in Middletown, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 54 Days | -21.5% |
Summary: Homes in Middletown had an average of 54 days on market in May 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Middletown has remained consistent over time.
Summary: During May 2024, 41 homes were sold in Middletown; 24% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.