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 August 2021

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.

How much do homes in Midway, FL cost?

Median Sold Price

$355,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$60,000(+20.3%)

Key Takeaway

Homes in Midway have sold for 20.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $196.5K$245K
+24.7%
3 $264.3K$332.5K
+25.8%
4 $354K$449.9K
+27.1%
5+ $604.9K$677K
+11.9%

Median Sold Price Compared To Nearby Cities

Midway
+20.3%
Gulf Breeze
+19.8%
Holley-Navarre
+19.3%

How many homes are available in Midway, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
3841+7.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 00
0.0%
3 1817
-5.6%
4 1719
+11.8%
5+ 35
+66.7%

Number of Homes Sold

Jul 2022Aug 2022%
1017+70.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 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. 35.3% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
9 Days10 Days+10.5%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Midway are selling fast, if you're buying plan to act quickly.

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

About Midway, FL

Number of homes for sale in Midway, FL real estate market have reached 41. The number of homes for sale in Midway, FL increased by 7.9% between July 2022 and August 2022. Listings spent 10 days on the market in August 2022, and had a median list price of $355,000 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 24.7%, 3 bedrooms properties prices increased by 25.8%, 4 bedrooms properties prices increased by 27.1%, 5 bedrooms properties became 11.9% more expensive. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 5.6% less available, number of 4 bedrooms homes increased by 11.8%, 5 bedrooms homes became 66.7% more available. In August 2022, from all listings sold in Midway, FL there were more than 6 sold above asking price, over 6 sold below and more than 5 were sold right at the asked price.

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