Is Middletown, NJ 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 has remained a Seller's Market.
Housing Prices in Middletown, NJ
How much do homes in Middletown, NJ cost?
Median Sold Price
$595,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middletown was $595,000 in March 2024, up 3.5% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $314K | +20.8% |
2 Bedrooms | $347.5K | $360K | +3.6% |
3 Bedrooms | $497.4K | $510.9K | +2.7% |
4 Bedrooms | $679.6K | $710K | +4.5% |
5+ Bedrooms | $895K | $777.2K | -13.2% |
Summary: Middletown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
Holmdel | $830K | $957.5K | +15.4% |
Keansburg | $285K | $328.5K | +15.3% |
Hazlet Township | $440K | $490K | +11.4% |
Middletown Township | $561.6K | $583.2K | +3.8% |
Middletown | $575K | $595K | +3.5% |
Housing Supply in Middletown, NJ
How many homes are available in Middletown, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 52 | +13.0% |
Summary: The Middletown real estate market had 52 homes for sale in March 2024, a 13.0% 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 | 7 | 9 | +28.6% |
3 Bedrooms | 12 | 18 | +50.0% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
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 28.6%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Middletown in March 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for Middletown, NJ
How long does it take to sell a home in Middletown, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 39 Days | +78.6% |
Summary: Homes in Middletown had an average of 39 days on market in Mar 2024, up by 78.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Middletown; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.