Is Midland, 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 has remained a Seller's Market.
Housing Prices in Midland, MI
How much do homes in Midland, MI cost?
Median Sold Price
$229,666
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Midland was $229,666 in March 2024, up 16.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $63.5K | +22.1% |
2 Bedrooms | $111K | $134.5K | +21.2% |
3 Bedrooms | $174.9K | $191K | +9.2% |
4 Bedrooms | $265.5K | $298K | +12.2% |
5+ Bedrooms | $360K | $395K | +9.7% |
Summary: Midland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
Midland Charter Township | $189K | $229.6K | +21.5% |
Midland | $197.4K | $229.6K | +16.3% |
Homer Township | $190K | $161.5K | -15.0% |
Lincoln Township | $232K | $165K | -28.9% |
Housing Supply in Midland, MI
How many homes are available in Midland, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 63 | +14.5% |
Summary: The Midland real estate market had 63 homes for sale in March 2024, a 14.5% 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 | 4 | 10 | +150.0% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 17 | 14 | -17.6% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Midland 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 150%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Midland in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Midland, MI
How long does it take to sell a home in Midland, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
3 Days | 33 Days | +1025.0% |
Summary: Homes in Midland had an average of 33 days on market in Mar 2024, up by 1025% compared to last year.
Breakdown of Home Sale Times
10 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, 16 homes were sold in Midland; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.