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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middletown is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Middletown was a Neutral Market.

Key Takeaway

Middletown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Middletown, VA

How much do homes in Middletown, VA cost?

Median Sold Price

$450,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$40,000(-8.2%)

Key Takeaway

Homes in Middletown have sold for 8.2% less than they did a year ago.

Summary: The median home sold price in Middletown was $450,000 in September 2024, down 8.2% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $130K-
N/A
2 $269K$278K
+3.3%
3 $329.5K$413.7K
+25.6%
4 $575K$552.5K
-3.9%
5+ $664.9K$679K
+2.1%

Summary: Middletown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 25.6%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Cities

Back Creek
+5.1%
Opequon
-1.5%
Middletown
-8.2%

Housing Supply in Middletown, VA

How many homes are available in Middletown, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2123+9.5%

Summary: The Middletown real estate market had 23 homes for sale in September 2024, a 9.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 57
+40.0%
4 87
-12.5%
5+ 66
0.0%

Summary: The Middletown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Middletown in September 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Middletown, VA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
5 Days24 Days+380.0%

Summary: Homes in Middletown had an average of 24 days on market in Sep 2024, up by 380% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was 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 September 2024, 3 homes were sold in Middletown; 67% of homes were sold within 30 days, 33% 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 12 Days Ago

Newest Listings in Middletown, VA

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