$7,422 Closing Credit*
$625,000
3,125 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michele R Colavecchi Lawless, Listing Office: RE/MAX Associates-Wilmington
Is Middletown-Odessa, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Middletown-Odessa has remained a Seller's Market.
Key Takeaway
Middletown-Odessa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middletown-Odessa, DE
How much do homes in Middletown-Odessa, DE cost?
Median Sold Price
$494,980
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,313(+5.8%)
Key Takeaway
Homes in Middletown-Odessa have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Middletown-Odessa was $494,980 in October 2024, up 5.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $393K | $405K | +3.1% |
| 3 Bedrooms | $375K | $410.5K | +9.5% |
| 4 Bedrooms | $568.3K | $580K | +2.1% |
| 5+ Bedrooms | $610K | $642.5K | +5.3% |
Summary: Middletown-Odessa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Clayton | $378.5K | $401K | +5.9% |
| Middletown-Odessa | $467.6K | $494.9K | +5.8% |
| Townsend | $438.2K | $439.7K | 0.4% |
| Smyrna | $366K | $365K | -0.3% |
Housing Supply in Middletown-Odessa, DE
How many homes are available in Middletown-Odessa, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 320 | 305 | -4.7% |
Summary: The Middletown-Odessa real estate market had 305 homes for sale in October 2024, a 4.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 29 | 26 | -10.3% |
| 3 Bedrooms | 146 | 134 | -8.2% |
| 4 Bedrooms | 110 | 106 | -3.6% |
| 5+ Bedrooms | 35 | 39 | +11.4% |
Summary: The Middletown-Odessa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 60 | -20.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown-Odessa, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Middletown-Odessa in October 2024, down by 20.0% month-over-month. Of the 60 sold homes, 42% were sold under asking, 35% were sold at asking, and 23% were sold over asking.
Days on Market for Middletown-Odessa, DE
How long does it take to sell a home in Middletown-Odessa, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 42 Days | +75.8% |
Summary: Homes in Middletown-Odessa had an average of 42 days on market in Oct 2024, up by 75.8% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middletown-Odessa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 60 homes were sold in Middletown-Odessa; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
