Is Midway Park, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midway Park is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Midway Park, NC

How much do homes in Midway Park, NC cost?

Median Sold Price

$309,270

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$56,770(+22.5%)

Key Takeaway

Homes in Midway Park have sold for 22.5% more than they did a year ago.

Summary: The median home sold price in Midway Park was $309,270 in February 2024, up 22.5% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $127.2K$137.7K
+8.3%
3 $214.5K$247K
+15.2%
4 $325K$353K
+8.6%
5+ $413.5K$412.7K
-0.2%

Summary: Midway Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Cities

Midway Park
+22.5%
Hubert
+9.6%
Jacksonville Township
+6.3%
Jacksonville
+3.4%

Housing Supply in Midway Park, NC

How many homes are available in Midway Park, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1926+36.8%

Summary: The Midway Park real estate market had 26 homes for sale in February 2024, a 36.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 611
+83.3%
4 1213
+8.3%
5+ 11
0.0%

Summary: The Midway Park housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 83.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midway Park, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Midway Park in February 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Midway Park, NC

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

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days114 Days+45.7%

Summary: Homes in Midway Park had an average of 114 days on market in Feb 2024, up by 45.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Midway Park are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 5 homes were sold in Midway Park; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Midway Park, NC

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