Is Middletown, NY 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, NY

How much do homes in Middletown, NY cost?

Median Sold Price

$370,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,025(+5.7%)

Key Takeaway

Homes in Middletown have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Middletown was $370,000 in October 2024, up 5.7% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $153K$173.5K
+13.4%
2 $260K$279.9K
+7.7%
3 $350K$360K
+2.9%
4 $400K$462K
+15.5%
5+ $425K$450K
+5.9%

Summary: Middletown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Cities

Wallkill
+8.7%
Middletown
+5.7%
Wawayanda
-0.5%

Housing Supply in Middletown, NY

How many homes are available in Middletown, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
270276+2.2%

Summary: The Middletown real estate market had 276 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 5253
+1.9%
3 114117
+2.6%
4 6968
-1.4%
5+ 3032
+6.7%

Summary: The Middletown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
50500.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

25 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. 50% of homes here sold above asking price last month.

Summary: A total of 50 homes were sold or pending in Middletown in October 2024, the same as the previous month. Of the 50 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for Middletown, NY

How long does it take to sell a home in Middletown, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days41 Days-1.3%

Summary: Homes in Middletown had an average of 41 days on market in Oct 2024, down by 1.3% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Middletown are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 50 homes were sold in Middletown; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in Middletown, NY

Nearby Markets to Middletown, NY

What housing markets are near Middletown, NY?