Is Middletown, NJ 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, NJ
How much do homes in Middletown, NJ cost?
Median Sold Price
$600,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middletown have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Middletown was $600,000 in May 2024, up 5.9% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255.3K | $314K | +23.0% |
| 2 Bedrooms | $315K | $394.4K | +25.2% |
| 3 Bedrooms | $499.9K | $525K | +5.0% |
| 4 Bedrooms | $680K | $735K | +8.1% |
| 5+ Bedrooms | $850K | $779K | -8.4% |
Summary: Middletown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Keansburg | $292K | $330K | +13.0% |
| Hazlet Township | $440K | $497K | +13.0% |
| Holmdel | $855K | $912.5K | +6.7% |
| Middletown | $566.7K | $600K | +5.9% |
| Middletown Township | $561.9K | $590.6K | +5.1% |
Housing Supply in Middletown, NJ
How many homes are available in Middletown, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 76 | -2.6% |
Summary: The Middletown real estate market had 76 homes for sale in May 2024, a 2.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 29 | 23 | -20.7% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
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 increased by 10%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Middletown in May 2024, down by 5.3% month-over-month. Of the 18 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for Middletown, NJ
How long does it take to sell a home in Middletown, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 17 Days | -47.6% |
Summary: Homes in Middletown had an average of 17 days on market in May 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were 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, 18 homes were sold in Middletown; 72% of homes were sold within 30 days, 28% 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 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.