Is Middletown, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middletown is a 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, CA

How much do homes in Middletown, CA cost?

Median Sold Price

$375,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$15,000(-3.8%)

Key Takeaway

Homes in Middletown have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Middletown was $375,000 in May 2024, down 3.8% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $237.5K$300K
+26.3%
2 $300K$310K
+3.3%
3 $389.9K$376K
-3.6%
4 $515K$489K
-5.0%
5+ $570K$522.5K
-8.3%

Summary: Middletown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 8.3%.

Median Sold Price Compared To Nearby Cities

Lower Lake
+5.4%
Cobb
+1.0%
Middletown
-3.8%
Hidden Valley Lake
-3.8%

Housing Supply in Middletown, CA

How many homes are available in Middletown, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
104113+8.7%

Summary: The Middletown real estate market had 113 homes for sale in May 2024, a 8.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 1617
+6.3%
3 6366
+4.8%
4 1015
+50.0%
5+ 1312
-7.7%

Summary: The Middletown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
19190.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middletown, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Middletown in May 2024, the same as the previous month. Of the 19 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.

Days on Market for Middletown, CA

How long does it take to sell a home in Middletown, CA?

Average Sale Time

May 2023May 2024CHANGE
75 Days62 Days-17.6%

Summary: Homes in Middletown had an average of 62 days on market in May 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Middletown are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Middletown; 42% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Middletown, CA

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