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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middletown is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Middletown has remained a Neutral 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, NY

How much do homes in Middletown, NY cost?

Median Sold Price

$365,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$43,928(+13.7%)

Key Takeaway

Homes in Middletown have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Middletown was $365,000 in February 2024, up 13.7% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $150K$162.2K
+8.2%
2 $241K$265K
+10.0%
3 $320.7K$353.3K
+10.2%
4 $399K$435K
+9.0%
5+ $393K$425K
+8.1%

Summary: Middletown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Cities

Middletown
+13.7%
Wallkill
+10.5%
Wawayanda
-15.8%

Housing Supply in Middletown, NY

How many homes are available in Middletown, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
195207+6.2%

Summary: The Middletown real estate market had 207 homes for sale in February 2024, a 6.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 55
0.0%
2 2630
+15.4%
3 9496
+2.1%
4 5253
+1.9%
5+ 1823
+27.8%

Summary: The Middletown housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 27.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4133-19.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middletown, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Middletown in February 2024, down by 19.5% month-over-month. Of the 33 sold homes, 33% were sold under asking, 21% were sold at asking, and 45% were sold over asking.

Days on Market for Middletown, NY

How long does it take to sell a home in Middletown, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
56 Days48 Days-14.3%

Summary: Homes in Middletown had an average of 48 days on market in Feb 2024, down by 14.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Middletown has remained consistent over time.

Summary: During February 2024, 33 homes were sold in Middletown; 39% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 12% 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 27 Days Ago

Newest Listings in Middletown, NY

Nearby Markets to Middletown, NY

What housing markets are near Middletown, NY?