Is Middletown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Middletown was a Seller's Market.
Housing Prices in Middletown, RI
How much do homes in Middletown, RI cost?
Median Sold Price
$700,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Middletown was $700,000 in June 2024, up 0.7% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $520K | $502.5K | -3.4% |
2 Bedrooms | $499.9K | $595K | +19.0% |
3 Bedrooms | $600K | $630K | +5.0% |
4 Bedrooms | $817K | $970K | +18.7% |
5+ Bedrooms | $1.1M | $1.1M | +5.6% |
Summary: Middletown housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Middletown | $695K | $700K | +0.7% |
Portsmouth | $665K | $635K | -4.5% |
Housing Supply in Middletown, RI
How many homes are available in Middletown, RI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Summary: The Middletown real estate market had 52 homes for sale in June 2024, a 2.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 22 | 21 | -4.5% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Middletown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Middletown in June 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
46 Days | 46 Days | -1.4% |
Summary: Homes in Middletown had an average of 46 days on market in Jun 2024, down by 1.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 8 homes were sold in Middletown; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.