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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midland is a neutral's market

Buyer's
Market

Difference Since May 2022

At the same time last year, Midland was a Seller's Market.

Key Takeaway

Midland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Midland, NC cost?

Median Sold Price

$388,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$41,150(+11.9%)

Key Takeaway

Homes in Midland have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
N/A
2 $220K$225K
+2.3%
3 $344.8K$367.2K
+6.5%
4 $385K$423K
+9.9%
5+ $572.5K$585.5K
+2.3%

Median Sold Price Compared To Nearby Cities

Stanfield
+55.4%
Midland
+11.9%
Furr Township
+11.8%
Locust
+8.8%

How many homes are available in Midland, NC?

Number of Homes For Sale

Apr 2023May 2023%
2926-10.3%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 20
-100.0%
3 1410
-28.6%
4 913
+44.4%
5+ 43
-25.0%

Number of Homes Sold

Apr 2023May 2023%
94-55.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midland, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

How long does it take to sell a home in Midland, NC?

How long does it take to sell a home in Midland, NC?

Average Sale Time

May 2022May 2023%
10 Days9 Days-10.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was 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.

What housing markets are near Midland, NC?

About Midland, NC

Homes for sale in Midland, NC have reached 26. Between April 2023 and May 2023, Midland, NC real estate market has seen decrease in the number of listings by 10.3%. In May 2023 median list price was $388,000 and the average listing age was 9 days. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 2.3%, prices of 3 bedrooms properties went up by 6.5%, the cost of 4 bedrooms properties went up by 9.9%, prices of 5 bedrooms properties increased by 2.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 100%, the quantity of 3 bedrooms homes went down by 28.6%, 4 bedrooms homes became 44.4% more available, 5 bedrooms homes inventory decreased by 25%. While more than 1 listings in Midland, NC in May 2023 were sold above asking price, there were more than 2 listings sold at asking price, and more than 1 were sold below.