Is Middletown, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middletown is a seller's market

Buyer's
Market

Difference Since October 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, CT

How much do homes in Middletown, CT cost?

Median Sold Price

$308,099

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,099(+10.0%)

Key Takeaway

Homes in Middletown have sold for 10% more than they did a year ago.

Summary: The median home sold price in Middletown was $308,099 in October 2024, up 10% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$155K
+14.8%
2 $215K$230K
+7.0%
3 $310K$335K
+8.1%
4 $328.4K$370K
+12.7%
5+ $341.5K$376.7K
+10.3%

Summary: Middletown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Cities

Rockfall
+25.6%
Portland
+21.7%
Middlefield
+14.5%
Middletown
+10.0%
Cromwell
+6.2%

Housing Supply in Middletown, CT

How many homes are available in Middletown, CT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1441440.0%

Summary: The Middletown real estate market had 144 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1517
+13.3%
2 3431
-8.8%
3 5656
0.0%
4 2625
-3.8%
5+ 1315
+15.4%

Summary: The Middletown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3533-5.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middletown, you could pay more than the asking price. 57.6% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Middletown in October 2024, down by 5.7% month-over-month. Of the 33 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.

Days on Market for Middletown, CT

We’re sorry, we don't have information for this market at the moment

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

Report Updated 16 Days Ago

Newest Listings in Middletown, CT

Nearby Markets to Middletown, CT

What housing markets are near Middletown, CT?