Is Middletown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Middletown was a Neutral Market.
Key Takeaway
Middletown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middletown, NY
How much do homes in Middletown, NY cost?
Median Sold Price
$372,075
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middletown have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Middletown was $372,075 in May 2024, up 14.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $165K | +7.8% |
| 2 Bedrooms | $242K | $282.5K | +16.7% |
| 3 Bedrooms | $325K | $364K | +12.0% |
| 4 Bedrooms | $395K | $447.5K | +13.3% |
| 5+ Bedrooms | $419K | $430K | +2.6% |
Summary: Middletown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in Middletown, NY
How many homes are available in Middletown, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 223 | 239 | +7.2% |
Summary: The Middletown real estate market had 239 homes for sale in May 2024, a 7.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 37 | 36 | -2.7% |
| 3 Bedrooms | 103 | 109 | +5.8% |
| 4 Bedrooms | 59 | 65 | +10.2% |
| 5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Middletown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 46 | +12.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Middletown in May 2024, up by 12.2% month-over-month. Of the 46 sold homes, 37% were sold under asking, 22% were sold at asking, and 41% were sold over asking.
Days on Market for Middletown, NY
How long does it take to sell a home in Middletown, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 47 Days | +12.1% |
Summary: Homes in Middletown had an average of 47 days on market in May 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 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, 46 homes were sold in Middletown; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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 they may be interested in purchasing. 
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