Is Midland County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Midland County has remained a Seller's Market.
Key Takeaway
Midland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midland County, MI
How much do homes in Midland County, MI cost?
Median Sold Price
$221,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Midland County have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Midland County was $221,000 in June 2024, up 12.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.5K | $72.5K | +14.2% |
| 2 Bedrooms | $124.3K | $142.5K | +14.6% |
| 3 Bedrooms | $182.2K | $191K | +4.8% |
| 4 Bedrooms | $257.5K | $300K | +16.5% |
| 5+ Bedrooms | $371.2K | $396.5K | +6.8% |
Summary: Midland County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Counties
| Midland County | $196K | $221K | +12.8% |
| Saginaw County | $143K | $159.9K | +11.8% |
| Bay County | $135.7K | $140K | +3.2% |
| Gladwin County | $175K | $179.9K | +2.8% |
Housing Supply in Midland County, MI
How many homes are available in Midland County, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 86 | 88 | +2.3% |
Summary: The Midland County real estate market had 88 homes for sale in June 2024, a 2.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 49 | 46 | -6.1% |
| 4 Bedrooms | 19 | 26 | +36.8% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Midland County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 30 | 21 | -30.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midland County, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Midland County in June 2024, down by 30.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 10% were sold at asking, and 52% were sold over asking.
Days on Market for Midland County, MI
How long does it take to sell a home in Midland County, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 26 Days | 23 Days | -10.4% |
Summary: Homes in Midland County had an average of 23 days on market in Jun 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Midland County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 21 homes were sold in Midland County; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.