Is Midway, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midway is a seller's market

Buyer's
Market

Difference Since September 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, FL

How much do homes in Midway, FL cost?

Median Sold Price

$416,583

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$6,620(+1.6%)

Key Takeaway

Homes in Midway have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Midway was $416,583 in September 2024, up 1.6% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $130K$155K
+19.2%
2 $275K$282.5K
+2.7%
3 $357K$370K
+3.6%
4 $444.2K$492K
+10.8%
5+ $657.5K$720K
+9.5%

Summary: Midway housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Cities

Gulf Breeze
+8.1%
Holley-Navarre
+3.8%
Midway
+1.6%
Bagdad
-4.5%
Avalon-Mulat
-7.3%

Housing Supply in Midway, FL

How many homes are available in Midway, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
298287-3.7%

Summary: The Midway real estate market had 287 homes for sale in September 2024, a 3.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 34
+33.3%
2 2021
+5.0%
3 136130
-4.4%
4 109104
-4.6%
5+ 3028
-6.7%

Summary: The Midway housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5156+9.8%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midway, you may be able to get a good deal. 67.3% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Midway in September 2024, up by 9.8% month-over-month. Of the 52 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.

Days on Market for Midway, FL

How long does it take to sell a home in Midway, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
42 Days62 Days+48.8%

Summary: Homes in Midway had an average of 62 days on market in Sep 2024, up by 48.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Midway has remained consistent over time.

Summary: During September 2024, 56 homes were sold in Midway; 32% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Midway, FL

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