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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midland is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Midland has remained a Seller's Market.

Key Takeaway

Midland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Midland, MI cost?

Median Sold Price

$200,000

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$23,500(+13.3%)

Key Takeaway

Homes in Midland have sold for 13.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $54.2K-
N/A
2 $106.5K$115K
+8.0%
3 $154K$165K
+7.1%
4 $230K$260.7K
+13.3%
5+ $272.5K$300K
+10.1%

How many homes are available in Midland, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
6762-7.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 85
-37.5%
3 2826
-7.1%
4 2022
+10.0%
5+ 108
-20.0%

Number of Homes Sold

Aug 2022Sep 2022%
2819-32.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midland, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
36 Days16 Days-53.9%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Midland 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, MI

Number of homes for sale in Midland, MI real estate market have reached 62. Between August 2022 and September 2022, Midland, MI real estate market has seen decrease in the number of listings by 7.5%. In September 2022 median list price was $200,000 and the average listing age was 16 days. Real estate listing prices changed between August 2022 and September 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 8%, 3 bedrooms properties prices increased by 7.1%, the cost of 4 bedrooms properties went up by 13.3%, prices of 5 bedrooms properties went up by 10.1%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 37.5%, number of 3 bedrooms homes decreased by 7.1%, the quantity of 4 bedrooms homes went up by 10%, number of 5 bedrooms homes decreased by 20%. In September 2022, from all listings sold in Midland, MI there were more than 10 sold above asking price, over 7 sold below and more than 2 were sold right at the asked price.

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