Is Middletown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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, DE
How much do homes in Middletown, DE cost?
Median Sold Price
$526,241
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Middletown have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Middletown was $526,241 in June 2024, up 14.4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | $385.9K | 0.2% |
| 3 Bedrooms | $358K | $406.9K | +13.7% |
| 4 Bedrooms | $571.5K | $598K | +4.6% |
| 5+ Bedrooms | $617K | $670K | +8.6% |
Summary: Middletown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Middletown | $459.8K | $526.2K | +14.4% |
| Middletown-Odessa | $452.3K | $492.1K | +8.8% |
Housing Supply in Middletown, DE
How many homes are available in Middletown, DE?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 212 | 221 | +4.2% |
Summary: The Middletown real estate market had 221 homes for sale in June 2024, a 4.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 89 | 92 | +3.4% |
| 4 Bedrooms | 94 | 92 | -2.1% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Middletown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 51 | 42 | -17.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, expect to pay close to the asking price. 38.1% of homes here sold near the asking price last month.
Summary: A total of 42 homes were sold or pending in Middletown in June 2024, down by 17.6% month-over-month. Of the 42 sold homes, 36% were sold under asking, 38% were sold at asking, and 26% were sold over asking.
Days on Market for Middletown, DE
How long does it take to sell a home in Middletown, DE?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 36 Days | 37 Days | +1.1% |
Summary: Homes in Middletown had an average of 37 days on market in Jun 2024, up by 1.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middletown are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 42 homes were sold in Middletown; 57% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
