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 September 2021

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.

How much do homes in Midland County, MI cost?

Median Sold Price

$195,666

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$28,166(+16.8%)

Key Takeaway

Homes in Midland County have sold for 16.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $54.2K$205K
+277.9%
2 $112.2K$121.2K
+8.0%
3 $150K$174.9K
+16.6%
4 $230K$266.2K
+15.8%
5+ $250K$327K
+30.8%

Median Sold Price Compared To Nearby Counties

Midland County
+16.8%
Gratiot County
+14.6%
Isabella County
+12.9%
Bay County
+12.5%
Gladwin County
+10.1%

How many homes are available in Midland County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
143146+2.1%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 22
0.0%
2 2318
-21.7%
3 6664
-3.0%
4 3850
+31.6%
5+ 1412
-14.3%

Number of Homes Sold

Aug 2022Sep 2022%
47470.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midland County, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
28 Days30 Days+6.4%

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

13 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Midland County, MI

Midland County, MI has 146 homes for sale to choose from. The inventory of homes for sale in Midland County, MI between August 2022 and September 2022 increased by 2.1%. Listings spent 30 days on the market in September 2022, and had a median list price of $195,666 during the same period. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 277.9%, prices of 2 bedrooms properties increased by 8%, prices of 3 bedrooms properties went up by 16.6%, 4 bedrooms properties became 15.8% more expensive, prices of 5 bedrooms properties went up by 30.8%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 21.7%, 3 bedrooms homes became 3% less available, number of 4 bedrooms homes increased by 31.6%, 5 bedrooms homes became 14.3% less available. In September 2022, from all listings sold in Midland County, MI there were more than 22 sold above asking price, over 20 sold below and more than 5 were sold right at the asked price.

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