Is Midland Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Midland Township has remained a Seller's Market.
Key Takeaway
Midland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midland Township, MO
How much do homes in Midland Township, MO cost?
Median Sold Price
$132,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Midland Township have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Midland Township was $132,500 in November 2023, up 1.9% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73K | $47.7K | -34.6% |
| 2 Bedrooms | $111.5K | $112K | 0.4% |
| 3 Bedrooms | $149.9K | $154.9K | +3.3% |
| 4 Bedrooms | $180K | $175K | -2.8% |
| 5+ Bedrooms | $182.5K | $176.5K | -3.3% |
Summary: Midland Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 34.6%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in Midland Township, MO
How many homes are available in Midland Township, MO?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 132 | 127 | -3.8% |
Summary: The Midland Township real estate market had 127 homes for sale in November 2023, a 3.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 44 | 52 | +18.2% |
| 3 Bedrooms | 69 | 55 | -20.3% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Midland Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 49 | 36 | -26.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midland Township, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Midland Township in November 2023, down by 26.5% month-over-month. Of the 36 sold homes, 47% were sold under asking, 19% were sold at asking, and 33% were sold over asking.
Days on Market for Midland Township, MO
How long does it take to sell a home in Midland Township, MO?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 23 Days | 23 Days | +2.5% |
Summary: Homes in Midland Township had an average of 23 days on market in Nov 2023, up by 2.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midland Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 36 homes were sold in Midland Township; 64% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.
Listing information comes in part from the Internet Data Exchange (IDX) of the Columbia Board of REALTORS ® or its Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non - commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2023 Columbia Board of REALTORS®. All rights reserved.