Is Middletown, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$699,500
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middletown have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Middletown was $699,500 in April 2024, up 5.2% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $530K | +1.9% |
| 2 Bedrooms | $480K | $489.9K | +2.1% |
| 3 Bedrooms | $600K | $670K | +11.7% |
| 4 Bedrooms | $800K | $917.6K | +14.7% |
| 5+ Bedrooms | $1.3M | $1.0M | -28.3% |
Summary: Middletown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 28.3%.
Median Sold Price Compared To Nearby Cities
| Portsmouth | $613.5K | $650K | +5.9% |
| Middletown | $665K | $699.5K | +5.2% |
Housing Supply in Middletown, RI
How many homes are available in Middletown, RI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 37 | +48.0% |
Summary: The Middletown real estate market had 37 homes for sale in April 2024, a 48.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 9 | 15 | +66.7% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Middletown 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 increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Middletown in April 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 73 Days | +27.4% |
Summary: Homes in Middletown had an average of 73 days on market in Apr 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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.
Summary: During April 2024, 7 homes were sold in Middletown; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
