Is Midland, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Midland, NC
How much do homes in Midland, NC cost?
Median Sold Price
$395,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Midland have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Midland was $395,000 in April 2024, up 3.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222.5K | $258K | +16.0% |
| 3 Bedrooms | $375K | $357.5K | -4.7% |
| 4 Bedrooms | $421K | $433K | +2.9% |
| 5+ Bedrooms | $585.5K | $641K | +9.5% |
Summary: Midland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Furr Township | $360K | $381.5K | +6.0% |
| Locust | $376K | $396K | +5.3% |
| Midland | $380.6K | $395K | +3.8% |
| Stanfield | $375K | $379.9K | +1.3% |
Housing Supply in Midland, NC
How many homes are available in Midland, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Midland real estate market had 31 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Midland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midland, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Midland in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Midland, NC
How long does it take to sell a home in Midland, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 9 Days | -76.3% |
Summary: Homes in Midland had an average of 9 days on market in Apr 2024, down by 76.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Midland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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