Is Midway, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Midway has remained a Seller's Market.
Housing Prices in Midway, CA
How much do homes in Midway, CA cost?
Median Sold Price
$707,500
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midway was $707,500 in April 2024, up 8.9% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $309K | $346K | +12.0% |
2 Bedrooms | $410K | $422.5K | +3.0% |
3 Bedrooms | $659.5K | $710K | +7.7% |
4 Bedrooms | $760K | $800K | +5.3% |
5+ Bedrooms | $890K | $790K | -11.2% |
Summary: Midway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Neighborhoods
East Grove | $730K | $800K | +9.6% |
Midway | $649.5K | $707.5K | +8.9% |
North Broadway | $707K | $749.9K | +6.1% |
East Valley | $926.1K | $930K | 0.4% |
Central Escondido | $640K | $635K | -0.8% |
Housing Supply in Midway, CA
How many homes are available in Midway, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 40 | -27.3% |
Summary: The Midway real estate market had 40 homes for sale in April 2024, a 27.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 17 | 12 | -29.4% |
3 Bedrooms | 24 | 16 | -33.3% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Midway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 18 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Midway in April 2024, down by 25.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 11% were sold at asking, and 72% were sold over asking.
Days on Market for Midway, CA
How long does it take to sell a home in Midway, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 19 Days | +10.4% |
Summary: Homes in Midway had an average of 19 days on market in Apr 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Midway; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.