Is Midway Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Midway Township has remained a Seller's Market.
Housing Prices in Midway Township, NC
How much do homes in Midway Township, NC cost?
Median Sold Price
$345,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Midway Township was $345,000 in March 2024, up 15% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $190K | - | N/A |
3 Bedrooms | $296.5K | $303K | +2.2% |
4 Bedrooms | $451.4K | $446.2K | -1.1% |
5+ Bedrooms | - | - | N/A |
Summary: Midway Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Midway Township | $300K | $345K | +15.0% |
Thomasville Township | $217.8K | $240K | +10.1% |
Abbotts Creek Township | $312K | $324K | +3.8% |
Midway | $293K | $300K | +2.4% |
Housing Supply in Midway Township, NC
How many homes are available in Midway Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 32 | -3.0% |
Summary: The Midway Township real estate market had 32 homes for sale in March 2024, a 3.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Midway Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 16 | +220.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Midway Township in March 2024, up by 220.0% month-over-month. Of the 16 sold homes, 13% were sold under asking, 44% were sold at asking, and 44% were sold over asking.
Days on Market for Midway Township, NC
How long does it take to sell a home in Midway Township, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 18 Days | -60.5% |
Summary: Homes in Midway Township had an average of 18 days on market in Mar 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Midway Township; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.