Is Middletown, DE 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 August 2021

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.

How much do homes in Middletown, DE cost?

Median Sold Price

$360,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$35,333(+10.9%)

Key Takeaway

Homes in Middletown have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $315.4K$327.4K
+3.8%
3 $260K$301K
+15.8%
4 $453K$516.9K
+14.1%
5+ $579K$635K
+9.7%

Median Sold Price Compared To Nearby Cities

Middletown-Odessa
+16.2%
Middletown
+10.9%

How many homes are available in Middletown, DE?

Number of Homes For Sale

Jul 2022Aug 2022%
64100+56.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 611
+83.3%
3 2440
+66.7%
4 2536
+44.0%
5+ 913
+44.4%

Number of Homes Sold

Jul 2022Aug 2022%
231+1450.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middletown, you could pay more than the asking price. 48.4% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
9 Days19 Days+95.9%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Middletown, DE

Number of homes for sale in Middletown, DE real estate market have reached 100. The number of homes for sale in Middletown, DE increased by 56.3% between July 2022 and August 2022. In August 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $360,000. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 3.8%, 3 bedrooms properties prices increased by 15.8%, 4 bedrooms properties became 14.1% more expensive, 5 bedrooms properties became 9.7% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 83.3%, 3 bedrooms homes became 66.7% more available, number of 4 bedrooms homes increased by 44%, 5 bedrooms homes inventory increased by 44.4%. In August 2022, from all listings sold in Middletown, DE there were more than 15 sold above asking price, over 8 sold below and more than 8 were sold right at the asked price.

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