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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middletown is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Middletown was a Seller's Market.

Key Takeaway

Middletown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$72,500(+17.0%)

Key Takeaway

Homes in Middletown have sold for 17% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $382K$382.9K
0.2%
3 $347K$400K
+15.3%
4 $565K$585K
+3.5%
5+ $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
+17.0%
Middletown-Odessa
+4.6%

Housing Supply in Middletown, DE

How many homes are available in Middletown, DE?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
254262+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2832
+14.3%
3 9398
+5.4%
4 9597
+2.1%
5+ 3734
-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 2024Mar 2024CHANGE
2633+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middletown, expect to pay close to the asking price. 39.4% of homes here sold near the asking price last month.

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 2023Mar 2024CHANGE
41 Days48 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 11 Days Ago

Newest Listings in Middletown, DE

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