Is Middletown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $374K | - | N/A |
| 2 Bedrooms | $447.2K | $500K | +11.8% |
| 3 Bedrooms | $542.7K | $602.5K | +11.0% |
| 4 Bedrooms | $750K | $737K | -1.7% |
| 5+ Bedrooms | $732.5K | $1.5M | +104.8% |
Median Sold Price Compared To Nearby Cities
| Middletown | $550K | $665K | +20.9% |
| Portsmouth | $513.3K | $601K | +17.1% |
How many homes are available in Middletown, RI?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 32 | 31 | -3.1% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 8 | 11 | +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
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 2021 | Dec 2022 | % |
|---|---|---|
| 61 Days | 64 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
Key Takeaway
Many homes in Middletown are selling fast, if you're buying plan to act quickly.
