Is Middletown-Odessa, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Middletown-Odessa has remained a Buyer's Market.
Housing Prices in Middletown-Odessa, DE
How much do homes in Middletown-Odessa, DE cost?
Median Sold Price
$477,285
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middletown-Odessa was $477,285 in March 2024, up 4.6% 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 | $387K | $382.9K | -1.0% |
3 Bedrooms | $365K | $394.6K | +8.1% |
4 Bedrooms | $550K | $570K | +3.6% |
5+ Bedrooms | $603.5K | $637.4K | +5.6% |
Summary: Middletown-Odessa 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 decreased by 1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Clayton | $320K | $395K | +23.4% |
Smyrna | $304.5K | $365K | +19.9% |
Townsend | $405K | $438.2K | +8.2% |
Middletown-Odessa | $456.5K | $477.2K | +4.6% |
Housing Supply in Middletown-Odessa, DE
How many homes are available in Middletown-Odessa, DE?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
363 | 369 | +1.7% |
Summary: The Middletown-Odessa real estate market had 369 homes for sale in March 2024, a 1.7% 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 | 38 | 40 | +5.3% |
3 Bedrooms | 143 | 152 | +6.3% |
4 Bedrooms | 133 | 133 | 0.0% |
5+ Bedrooms | 48 | 43 | -10.4% |
Summary: The Middletown-Odessa 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 5.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 45 | +18.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Middletown-Odessa in March 2024, up by 18.4% month-over-month. Of the 45 sold homes, 29% were sold under asking, 42% were sold at asking, and 29% were sold over asking.
Days on Market for Middletown-Odessa, DE
How long does it take to sell a home in Middletown-Odessa, DE?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 50 Days | +23.9% |
Summary: Homes in Middletown-Odessa had an average of 50 days on market in Mar 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in Middletown-Odessa; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.