Is New Middletown, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, New Middletown has remained a Seller's Market.
Key Takeaway
New Middletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Middletown, OH
How much do homes in New Middletown, OH cost?
Median Sold Price
$269,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Middletown have sold for 36.5% more than they did a year ago.
Summary: The median home sold price in New Middletown was $269,000 in May 2024, up 36.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $105K | $125K | +19.0% |
| 3 Bedrooms | $190.5K | $258K | +35.4% |
| 4 Bedrooms | $249.9K | $230.1K | -7.9% |
| 5+ Bedrooms | $295.5K | $425K | +43.8% |
Summary: New Middletown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 35.4%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 43.8%.
Median Sold Price Compared To Nearby Cities
| New Middletown | $197K | $269K | +36.5% |
| Springfield Township | $174K | $186.8K | +7.4% |
Housing Supply in New Middletown, OH
How many homes are available in New Middletown, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The New Middletown real estate market had 13 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Middletown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Middletown, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Middletown in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for New Middletown, OH
How long does it take to sell a home in New Middletown, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 59 Days | -33.6% |
Summary: Homes in New Middletown had an average of 59 days on market in May 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Middletown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in New Middletown; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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