Is Middlesborough, KY 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, Middlesborough has remained a Buyer's Market.
Key Takeaway
Middlesborough is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Middlesborough, KY
How much do homes in Middlesborough, KY cost?
Median Sold Price
$110,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middlesborough have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Middlesborough was $110,000 in May 2024, up 4.8% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25K | - | N/A |
| 2 Bedrooms | $87K | $67.5K | -22.4% |
| 3 Bedrooms | $116.5K | $129K | +10.7% |
| 4 Bedrooms | $165.2K | $184.2K | +11.5% |
| 5+ Bedrooms | $52.5K | $412.5K | +685.7% |
Summary: Middlesborough 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 decreased by 22.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 685.7%.
Median Sold Price Compared To Nearby Cities
| Middlesborough | $104.9K | $110K | +4.8% |
| Middlesboro | $116.5K | $115K | -1.3% |
Housing Supply in Middlesborough, KY
How many homes are available in Middlesborough, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 42 | -12.5% |
Summary: The Middlesborough real estate market had 42 homes for sale in May 2024, a 12.5% 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 | 4 | 1 | -75.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Middlesborough 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 75%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 3 | -78.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Middlesborough, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Middlesborough in May 2024, down by 78.6% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Middlesborough, KY
How long does it take to sell a home in Middlesborough, KY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 134 Days | 13 Days | -90.3% |
Summary: Homes in Middlesborough had an average of 13 days on market in May 2024, down by 90.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middlesborough are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Middlesborough; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.