Is Middletown, DE 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, DE
How much do homes in Middletown, DE cost?
Median Sold Price
$516,633
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middletown have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Middletown was $516,633 in May 2024, up 14.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $382K | $387.9K | +1.6% |
| 3 Bedrooms | $350.4K | $405K | +15.6% |
| 4 Bedrooms | $565K | $595K | +5.3% |
| 5+ Bedrooms | $613.5K | $672.4K | +9.6% |
Summary: Middletown 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 increased by 1.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Middletown | $450.1K | $516.6K | +14.8% |
| Middletown-Odessa | $452.8K | $481.7K | +6.4% |
Housing Supply in Middletown, DE
How many homes are available in Middletown, DE?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 192 | 211 | +9.9% |
Summary: The Middletown real estate market had 211 homes for sale in May 2024, a 9.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 87 | 85 | -2.3% |
| 4 Bedrooms | 75 | 90 | +20.0% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
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 increased by 23.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 36 | +63.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Middletown in May 2024, up by 63.6% month-over-month. Of the 36 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Middletown, DE
How long does it take to sell a home in Middletown, DE?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 31 Days | +191.9% |
Summary: Homes in Middletown had an average of 31 days on market in May 2024, up by 191.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 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, 36 homes were sold in Middletown; 75% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
