Is Midtown, GA 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 Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Midtown, GA
How much do homes in Midtown, GA cost?
Median Sold Price
$375,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Midtown have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Midtown was $375,000 in March 2024, up 10.3% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $332.5K | +84.7% |
| 3 Bedrooms | $336.8K | $376K | +11.6% |
| 4 Bedrooms | $389.5K | $420.5K | +8.0% |
| 5+ Bedrooms | $386K | $630K | +63.2% |
Summary: Midtown 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 84.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 63.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Eastside | $350K | $410.7K | +17.4% |
| Live Oak | $276K | $305K | +10.5% |
| Midtown | $339.9K | $375K | +10.3% |
Housing Supply in Midtown, GA
How many homes are available in Midtown, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Midtown real estate market had 25 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Midtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Midtown in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Midtown, GA
How long does it take to sell a home in Midtown, GA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Midtown has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Midtown; 0% 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.
