Is Middletown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $530K | +1.9% |
| 2 Bedrooms | $490K | $474.1K | -3.2% |
| 3 Bedrooms | $600K | $640K | +6.7% |
| 4 Bedrooms | $797.5K | $875K | +9.7% |
| 5+ Bedrooms | $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 | $599K | $650K | +8.5% |
| Middletown | $687.5K | $695K | +1.1% |
Housing Supply in Middletown, RI
How many homes are available in Middletown, RI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 101 Days | 29 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
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.
