Is Midway, GA 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 October 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, GA

How much do homes in Midway, GA cost?

Median Sold Price

$322,700

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,702(+7.6%)

Key Takeaway

Homes in Midway have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Midway was $322,700 in October 2024, up 7.6% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$265K
N/A
2 $178K$205.4K
+15.4%
3 $271.5K$297K
+9.4%
4 $311K$335K
+7.7%
5+ $355K$341K
-3.9%

Summary: Midway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 3.9%.

Housing Supply in Midway, GA

How many homes are available in Midway, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6670+6.1%

Summary: The Midway real estate market had 70 homes for sale in October 2024, a 6.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2530
+20.0%
4 3029
-3.3%
5+ 66
0.0%

Summary: The Midway housing inventory by bedroom type for October 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 20%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 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. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Midway in October 2024, up by 44.4% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.

Days on Market for Midway, GA

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

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in Midway; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

Newest Listings in Midway, GA

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