$4,738 Closing Credit*
$399,000
2,325 SqFt
3 Beds
•2 Full Baths
Candice Desiree Russell, Listing Office: EXP Realty, LLC
Is Middletown-Odessa, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Middletown-Odessa has remained a Seller's Market.
Key Takeaway
Middletown-Odessa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middletown-Odessa, DE
How much do homes in Middletown-Odessa, DE cost?
Median Sold Price
$498,028
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$33,745(+7.3%)
Key Takeaway
Homes in Middletown-Odessa have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Middletown-Odessa was $498,028 in September 2024, up 7.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $394K | $399.5K | +1.4% |
| 3 Bedrooms | $370K | $407.6K | +10.2% |
| 4 Bedrooms | $568.3K | $580K | +2.1% |
| 5+ Bedrooms | $607.5K | $661.8K | +8.9% |
Summary: Middletown-Odessa housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Middletown-Odessa | $464.2K | $498K | +7.3% |
| Clayton | $380K | $399.9K | +5.3% |
| Townsend | $430K | $442K | +2.8% |
| Smyrna | $360K | $364.6K | +1.3% |
Housing Supply in Middletown-Odessa, DE
How many homes are available in Middletown-Odessa, DE?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 307 | 322 | +4.9% |
Summary: The Middletown-Odessa real estate market had 322 homes for sale in September 2024, a 4.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 30 | +7.1% |
| 3 Bedrooms | 138 | 140 | +1.4% |
| 4 Bedrooms | 113 | 113 | 0.0% |
| 5+ Bedrooms | 28 | 39 | +39.3% |
Summary: The Middletown-Odessa housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 39.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 64 | 65 | +1.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown-Odessa, expect to pay close to the asking price. 41.5% of homes here sold near the asking price last month.
Summary: A total of 65 homes were sold or pending in Middletown-Odessa in September 2024, up by 1.6% month-over-month. Of the 65 sold homes, 28% were sold under asking, 42% were sold at asking, and 31% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 41 Days | +47.9% |
Summary: Homes in Middletown-Odessa had an average of 41 days on market in Sep 2024, up by 47.9% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middletown-Odessa are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 65 homes were sold in Middletown-Odessa; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
