Is Middlesborough, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middlesborough is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Middlesborough was a Neutral Market.

Key Takeaway

Middlesborough is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Middlesborough, KY

How much do homes in Middlesborough, KY cost?

Median Sold Price

$110,000

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$19,000(-14.7%)

Key Takeaway

Homes in Middlesborough have sold for 14.7% less than they did a year ago.

Summary: The median home sold price in Middlesborough was $110,000 in September 2024, down 14.7% from last year, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $82.5K$86.2K
+4.5%
3 $129K$127.5K
-1.2%
4 $222K$188.5K
-15.1%
5+ $70K$217.5K
+210.7%

Summary: Middlesborough housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 210.7%.

Median Sold Price Compared To Nearby Cities

Middlesboro
-6.6%
Middlesborough
-14.7%

Housing Supply in Middlesborough, KY

How many homes are available in Middlesborough, KY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4152+26.8%

Summary: The Middlesborough real estate market had 52 homes for sale in September 2024, a 26.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 2431
+29.2%
4 38
+166.7%
5+ 67
+16.7%

Summary: The Middlesborough housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 9 homes were sold or pending in Middlesborough in September 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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

Sep 2023Sep 2024CHANGE
110 Days38 Days-64.7%

Summary: Homes in Middlesborough had an average of 38 days on market in Sep 2024, down by 64.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Middlesborough has remained consistent over time.

Summary: During September 2024, 9 homes were sold in Middlesborough; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Middlesborough, KY

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