Is Middletown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Middletown was a Neutral Market.
Housing Prices in Middletown, NY
How much do homes in Middletown, NY cost?
Median Sold Price
$370,353
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Middletown was $370,353 in May 2024, up 14% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154K | $171K | +11.0% |
2 Bedrooms | $240K | $285K | +18.8% |
3 Bedrooms | $325K | $362K | +11.4% |
4 Bedrooms | $395K | $445K | +12.7% |
5+ Bedrooms | $419K | $430K | +2.6% |
Summary: Middletown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 2.6%.
Housing Supply in Middletown, NY
How many homes are available in Middletown, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
235 | 254 | +8.1% |
Summary: The Middletown real estate market had 254 homes for sale in May 2024, a 8.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 38 | 37 | -2.6% |
3 Bedrooms | 106 | 113 | +6.6% |
4 Bedrooms | 64 | 70 | +9.4% |
5+ Bedrooms | 23 | 30 | +30.4% |
Summary: The Middletown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 30.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 49 | +14.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Middletown in May 2024, up by 14.0% month-over-month. Of the 49 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 48 Days | +11.3% |
Summary: Homes in Middletown had an average of 48 days on market in May 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Middletown; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.