Is Midtown, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Midtown was a Seller's Market.
Key Takeaway
Midtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midtown, FL
How much do homes in Midtown, FL cost?
Median Sold Price
$415,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Midtown have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Midtown was $415,000 in March 2024, up 3.5% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.6K | $315K | +3.4% |
| 2 Bedrooms | $395K | $392.5K | -0.6% |
| 3 Bedrooms | $642.5K | $432.5K | -32.7% |
| 4 Bedrooms | $895K | $852.5K | -4.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Midtown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 32.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Midtown | $401K | $415K | +3.5% |
| Garden Lakes | $408.5K | $415K | +1.6% |
Housing Supply in Midtown, FL
How many homes are available in Midtown, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Midtown real estate market had 17 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Midtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Midtown in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Midtown, FL
How long does it take to sell a home in Midtown, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 23 Days | -64.6% |
Summary: Homes in Midtown had an average of 23 days on market in Mar 2024, down by 64.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midtown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Midtown; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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