Is Midland County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midland County is a seller's market

Buyer's
Market

Difference Since March 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

$223,500

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$22,500(+11.2%)

Key Takeaway

Homes in Midland County have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Midland County was $223,500 in March 2024, up 11.2% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $190K$63.5K
-66.6%
2 $125K$134K
+7.2%
3 $185K$188K
+1.6%
4 $265K$296K
+11.7%
5+ $395K$395K
0.0%

Summary: Midland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.6%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Midland County
+11.2%
Saginaw County
+8.5%
Bay County
+1.6%
Gladwin County
-6.3%

Housing Supply in Midland County, MI

How many homes are available in Midland County, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6780+19.4%

Summary: The Midland County real estate market had 80 homes for sale in March 2024, a 19.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 613
+116.7%
3 3241
+28.1%
4 2018
-10.0%
5+ 98
-11.1%

Summary: The Midland County 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 increased by 116.7%, 3 bedroom homes increased by 28.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midland County, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Midland County in March 2024, down by 14.3% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% 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

Mar 2023Mar 2024CHANGE
23 Days31 Days+36.0%

Summary: Homes in Midland County had an average of 31 days on market in Mar 2024, up by 36% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 18 homes were sold in Midland County; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 18 Days Ago

Newest Listings in Midland County, MI

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