Is Midway, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Midway has remained a Seller's Market.
Key Takeaway
Midway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midway, NC
How much do homes in Midway, NC cost?
Median Sold Price
$304,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Midway have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Midway was $304,000 in May 2024, up 5.2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $198.7K | - | N/A |
| 3 Bedrooms | $293K | $295K | +0.7% |
| 4 Bedrooms | $287.5K | $425.9K | +48.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Midway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 48.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Midway Township | $300K | $355K | +18.3% |
| Midway | $289K | $304K | +5.2% |
| Winston Township | $259.8K | $265.2K | +2.1% |
| Winston-Salem | $259.9K | $265.1K | +2.0% |
| Broadbay Township | $274.9K | $270K | -1.8% |
Housing Supply in Midway, NC
How many homes are available in Midway, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Summary: The Midway real estate market had 6 homes for sale in May 2024, a 33.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Midway 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midway, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Midway in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Midway, NC
How long does it take to sell a home in Midway, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 10 Days | -60.0% |
Summary: Homes in Midway had an average of 10 days on market in May 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midway are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Midway; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
