Is Middletown, MD 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, 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, MD
How much do homes in Middletown, MD cost?
Median Sold Price
$545,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middletown have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Middletown was $545,000 in May 2024, down 0.9% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $285K | +67.6% |
| 2 Bedrooms | $367.5K | $337.5K | -8.2% |
| 3 Bedrooms | $395K | $436K | +10.4% |
| 4 Bedrooms | $570K | $602.5K | +5.7% |
| 5+ Bedrooms | $700K | $689.9K | -1.4% |
Summary: Middletown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.6%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in Middletown, MD
How many homes are available in Middletown, MD?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 35 | +34.6% |
Summary: The Middletown real estate market had 35 homes for sale in May 2024, a 34.6% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Middletown in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Middletown, MD
How long does it take to sell a home in Middletown, MD?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 10 Days | -7.6% |
Summary: Homes in Middletown had an average of 10 days on market in May 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 May 2024, 9 homes were sold in Middletown; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
