$4,691 Closing Credit*
$395,000
1,400 SqFt
3 Beds
•2 Full Baths
Marcia Shuler, Listing Office: BHHS Fox & Roach-Christiana
Is Middletown-Odessa, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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 November 2023
+$34,282(+7.4%)
Key Takeaway
Homes in Middletown-Odessa have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Middletown-Odessa was $494,980 in November 2024, up 7.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $389.4K | $392.5K | +0.8% |
| 3 Bedrooms | $375K | $409.9K | +9.3% |
| 4 Bedrooms | $563.5K | $580K | +2.9% |
| 5+ Bedrooms | $616K | $640K | +3.9% |
Summary: Middletown-Odessa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Middletown-Odessa | $460.6K | $494.9K | +7.4% |
| Clayton | $385K | $401K | +4.2% |
| Townsend | $438.6K | $442K | +0.8% |
| Smyrna | $364.3K | $366.1K | 0.5% |
Housing Supply in Middletown-Odessa, DE
How many homes are available in Middletown-Odessa, DE?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 307 | 297 | -3.3% |
Summary: The Middletown-Odessa real estate market had 297 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 138 | 129 | -6.5% |
| 4 Bedrooms | 106 | 105 | -0.9% |
| 5+ Bedrooms | 36 | 37 | +2.8% |
Summary: The Middletown-Odessa housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 2.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 61 | -7.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
15 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. 42.6% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Middletown-Odessa in November 2024, down by 7.6% month-over-month. Of the 61 sold homes, 43% were sold under asking, 33% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 38 Days | -4.4% |
Summary: Homes in Middletown-Odessa had an average of 38 days on market in Nov 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
21 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 November 2024, 61 homes were sold in Middletown-Odessa; 56% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
