Is Midland County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Midland County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $63.5K | -66.6% |
2 Bedrooms | $125K | $134K | +7.2% |
3 Bedrooms | $185K | $188K | +1.6% |
4 Bedrooms | $265K | $296K | +11.7% |
5+ Bedrooms | $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 | $201K | $223.5K | +11.2% |
Saginaw County | $142.9K | $155K | +8.5% |
Bay County | $135.4K | $137.5K | +1.6% |
Gladwin County | $176.1K | $165K | -6.3% |
Housing Supply in Midland County, MI
How many homes are available in Midland County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
67 | 80 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 13 | +116.7% |
3 Bedrooms | 32 | 41 | +28.1% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 9 | 8 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 18 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 31 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
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.