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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middletown is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Middletown has remained a Seller's Market.

Key Takeaway

Middletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Middletown, RI

How much do homes in Middletown, RI cost?

Median Sold Price

$695,000

$381/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,500(+1.1%)

Key Takeaway

Homes in Middletown have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Middletown was $695,000 in March 2024, up 1.1% from last year, and the median price per square foot was $381.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $520K$530K
+1.9%
2 $490K$474.1K
-3.2%
3 $600K$640K
+6.7%
4 $797.5K$875K
+9.7%
5+ $1.4M$975K
-33.9%

Summary: Middletown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 33.9%.

Median Sold Price Compared To Nearby Cities

Portsmouth
+8.5%
Middletown
+1.1%

Housing Supply in Middletown, RI

How many homes are available in Middletown, RI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2827-3.6%

Summary: The Middletown real estate market had 27 homes for sale in March 2024, a 3.6% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1310
-23.1%
4 88
0.0%
5+ 55
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 100%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Middletown in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for Middletown, RI

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

Average Sale Time

Mar 2023Mar 2024CHANGE
101 Days29 Days-71.3%

Summary: Homes in Middletown had an average of 29 days on market in Mar 2024, down by 71.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Middletown are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 7 homes were sold in Middletown; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

Newest Listings in Middletown, RI

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