Is Middletown, PA 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, PA
How much do homes in Middletown, PA cost?
Median Sold Price
$225,250
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Middletown have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Middletown was $225,250 in May 2024, up 21.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $384K | - | N/A |
| 2 Bedrooms | $154K | $181.9K | +18.1% |
| 3 Bedrooms | $194.5K | $226K | +16.2% |
| 4 Bedrooms | $200K | $296K | +48.0% |
| 5+ Bedrooms | $323.7K | $466K | +44.0% |
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 18.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 48%, and 5+ bedroom homes increased by 44%.
Median Sold Price Compared To Nearby Cities
| Middletown | $186K | $225.2K | +21.1% |
| Londonderry Township | $272.5K | $306.1K | +12.3% |
| Lower Swatara Township | $219K | $231.5K | +5.7% |
Housing Supply in Middletown, PA
How many homes are available in Middletown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Middletown real estate market had 50 homes for sale in May 2024, a 6.4% 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 | 9 | 8 | -11.1% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
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 decreased by 11.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Middletown in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Middletown, PA
How long does it take to sell a home in Middletown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 17 Days | +104.7% |
Summary: Homes in Middletown had an average of 17 days on market in May 2024, up by 104.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 10 homes were sold in Middletown; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
