Is Midway, 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, Midway was a Buyer's Market.
Housing Prices in Midway, FL
How much do homes in Midway, FL cost?
Median Sold Price
$399,900
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Midway was $399,900 in March 2024, up 6.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $250K | $280K | +12.0% |
3 Bedrooms | $343.5K | $357K | +3.9% |
4 Bedrooms | $465K | $452K | -2.8% |
5+ Bedrooms | $2.7M | $633.2K | -76.5% |
Summary: Midway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 76.5%.
Median Sold Price Compared To Nearby Cities
Midway | $375K | $399.9K | +6.6% |
Gulf Breeze | $390K | $410K | +5.1% |
Holley-Navarre | $395.1K | $401K | +1.5% |
Bagdad | $299.5K | $285K | -4.8% |
Avalon-Mulat | $299.9K | $274.9K | -8.3% |
Housing Supply in Midway, FL
How many homes are available in Midway, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 69 | +4.5% |
Summary: The Midway real estate market had 69 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 31 | 30 | -3.2% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Midway 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Midway in March 2024, up by 66.7% month-over-month. Of the 15 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 88 Days | +422.0% |
Summary: Homes in Midway had an average of 88 days on market in Mar 2024, up by 422% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Midway; 20% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.