Is Midway Park, 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 Park has remained a Seller's Market.
Housing Prices in Midway Park, NC
How much do homes in Midway Park, NC cost?
Median Sold Price
$308,270
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Midway Park was $308,270 in May 2024, up 8.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $128.2K | $137.7K | +7.4% |
3 Bedrooms | $220.5K | $249.9K | +13.4% |
4 Bedrooms | $338K | $353K | +4.4% |
5+ Bedrooms | $415K | $412.5K | -0.6% |
Summary: Midway Park 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 increased by 7.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Midway Park | $283K | $308.2K | +8.9% |
Jacksonville Township | $236K | $249.2K | +5.6% |
Hubert | $237.8K | $250.1K | +5.2% |
Jacksonville | $239.2K | $247.8K | +3.6% |
Housing Supply in Midway Park, NC
How many homes are available in Midway Park, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 51 | +21.4% |
Summary: The Midway Park real estate market had 51 homes for sale in May 2024, a 21.4% increase 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 | 3 | 5 | +66.7% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Midway Park 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 increased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Midway Park in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.
Days on Market for Midway Park, NC
How long does it take to sell a home in Midway Park, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
124 Days | 87 Days | -29.9% |
Summary: Homes in Midway Park had an average of 87 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Midway Park; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.