Is Middletown, MD 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.
Key Takeaway
Middletown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Middletown, MD
How much do homes in Middletown, MD cost?
Median Sold Price
$545,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Middletown have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Middletown was $545,000 in March 2024, down 0.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $285K | +67.6% |
| 2 Bedrooms | $367.5K | $337.5K | -8.2% |
| 3 Bedrooms | $429K | $430K | 0.2% |
| 4 Bedrooms | $600K | $570K | -5.0% |
| 5+ Bedrooms | $687.5K | $740K | +7.6% |
Summary: Middletown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.6%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in Middletown, MD
How many homes are available in Middletown, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The Middletown real estate market had 37 homes for sale in March 2024, a 12.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Middletown in March 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Middletown, MD
How long does it take to sell a home in Middletown, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +3.1% |
Summary: Homes in Middletown had an average of 19 days on market in Mar 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middletown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Middletown; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
