Is Middletown, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Middletown was a Seller's Market.
Key Takeaway
Middletown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Middletown, DE
How much do homes in Middletown, DE cost?
Median Sold Price
$499,966
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middletown have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Middletown was $499,966 in April 2024, up 11.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $379K | $387.9K | +2.4% |
| 3 Bedrooms | $350.4K | $400K | +14.1% |
| 4 Bedrooms | $560K | $591K | +5.5% |
| 5+ Bedrooms | $617K | $672.4K | +9.0% |
Summary: Middletown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Middletown | $450K | $499.9K | +11.1% |
| Middletown-Odessa | $457.8K | $476K | +4.0% |
Housing Supply in Middletown, DE
How many homes are available in Middletown, DE?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 152 | 178 | +17.1% |
Summary: The Middletown real estate market had 178 homes for sale in April 2024, a 17.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 69 | 83 | +20.3% |
| 4 Bedrooms | 49 | 66 | +34.7% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Middletown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 21 | -47.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middletown, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Middletown in April 2024, down by 47.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for Middletown, DE
How long does it take to sell a home in Middletown, DE?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 64 Days | +149.8% |
Summary: Homes in Middletown had an average of 64 days on market in Apr 2024, up by 149.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middletown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Middletown; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
