Is Middletown-Odessa, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Middletown-Odessa was a Seller's Market.
Key Takeaway
Middletown-Odessa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Middletown-Odessa, DE
How much do homes in Middletown-Odessa, DE cost?
Median Sold Price
$476,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middletown-Odessa have sold for 4% more than they did a year ago.
Summary: The median home sold price in Middletown-Odessa was $476,000 in April 2024, up 4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | $387.9K | +0.8% |
| 3 Bedrooms | $370K | $399.8K | +8.1% |
| 4 Bedrooms | $550K | $572K | +4.0% |
| 5+ Bedrooms | $604.2K | $654.3K | +8.3% |
Summary: Middletown-Odessa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Clayton | $319.9K | $395K | +23.5% |
| Smyrna | $305K | $365K | +19.7% |
| Townsend | $410.4K | $440K | +7.2% |
| Middletown-Odessa | $457.8K | $476K | +4.0% |
Housing Supply in Middletown-Odessa, DE
How many homes are available in Middletown-Odessa, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 219 | 248 | +13.2% |
Summary: The Middletown-Odessa real estate market had 248 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 110 | 120 | +9.1% |
| 4 Bedrooms | 68 | 89 | +30.9% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Middletown-Odessa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 37 | -31.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown-Odessa, expect to pay close to the asking price. 45.9% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in Middletown-Odessa in April 2024, down by 31.5% month-over-month. Of the 37 sold homes, 38% were sold under asking, 46% were sold at asking, and 16% were sold over asking.
Days on Market for Middletown-Odessa, DE
How long does it take to sell a home in Middletown-Odessa, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 73 Days | +120.5% |
Summary: Homes in Middletown-Odessa had an average of 73 days on market in Apr 2024, up by 120.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middletown-Odessa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Middletown-Odessa; 51% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
