Is Middletown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Middletown was a Seller's Market.
Housing Prices in Middletown, DE
How much do homes in Middletown, DE cost?
Median Sold Price
$500,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middletown was $500,000 in March 2024, up 17% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $382K | $382.9K | 0.2% |
3 Bedrooms | $347K | $400K | +15.3% |
4 Bedrooms | $565K | $585K | +3.5% |
5+ Bedrooms | $620K | $670K | +8.1% |
Summary: Middletown housing prices by bedroom type for March 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 15.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Middletown | $427.5K | $500K | +17.0% |
Middletown-Odessa | $456.5K | $477.2K | +4.6% |
Housing Supply in Middletown, DE
How many homes are available in Middletown, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
254 | 262 | +3.1% |
Summary: The Middletown real estate market had 262 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 32 | +14.3% |
3 Bedrooms | 93 | 98 | +5.4% |
4 Bedrooms | 95 | 97 | +2.1% |
5+ Bedrooms | 37 | 34 | -8.1% |
Summary: The Middletown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Middletown in March 2024, up by 26.9% month-over-month. Of the 33 sold homes, 30% were sold under asking, 39% were sold at asking, and 30% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 48 Days | +15.3% |
Summary: Homes in Middletown had an average of 48 days on market in Mar 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Middletown; 64% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.