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 December 2021

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.

How much do homes in Middletown, RI cost?

Median Sold Price

$665,000

$345/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$115,000(+20.9%)

Key Takeaway

Homes in Middletown have sold for 20.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $374K-
N/A
2 $447.2K$500K
+11.8%
3 $542.7K$602.5K
+11.0%
4 $750K$737K
-1.7%
5+ $732.5K$1.5M
+104.8%

Median Sold Price Compared To Nearby Cities

Middletown
+20.9%
Portsmouth
+17.1%

How many homes are available in Middletown, RI?

Number of Homes For Sale

Nov 2022Dec 2022%
3231-3.1%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 21
-50.0%
3 1312
-7.7%
4 79
+28.6%
5+ 109
-10.0%

Number of Homes Sold

Nov 2022Dec 2022%
811+37.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middletown, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
61 Days64 Days+5.8%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Middletown, RI

Number of homes for sale in Middletown, RI real estate market have reached 31. The inventory of homes for sale in Middletown, RI between November 2022 and December 2022 decreased by 3.1%. In December 2022, listings were on the market for 64 days. During the same period, the median list price in this real estate market was $665,000. Listing prices have changed in this real estate market between November 2022 and December 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 11.8% more expensive, prices of 3 bedrooms properties went up by 11%, 4 bedrooms properties became 1.7% more cheaper, prices of 5 bedrooms properties increased by 104.8%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 50%, number of 3 bedrooms homes decreased by 7.7%, number of 4 bedrooms homes increased by 28.6%, number of 5 bedrooms homes decreased by 10%. In December 2022, from all listings sold in Middletown, RI there were more than 2 sold above asking price, over 5 sold below and more than 4 were sold right at the asked price.

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