Is Midwest, TX 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, Midwest has remained a Seller's Market.
Housing Prices in Midwest, TX
How much do homes in Midwest, TX cost?
Median Sold Price
$304,445
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midwest was $304,445 in April 2024, up 4.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.7K | $130.7K | -11.5% |
2 Bedrooms | $220K | $217K | -1.4% |
3 Bedrooms | $438.5K | $440K | 0.3% |
4 Bedrooms | $735K | $893.7K | +21.6% |
5+ Bedrooms | $2.4M | $2.1M | -13.0% |
Summary: Midwest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Neighborhoods
Mid West | $269.1K | $300.5K | +11.6% |
The Memorial Villages | $1.6M | $1.7M | +6.7% |
Midwest | $292.2K | $304.4K | +4.2% |
Greater Uptown | $364K | $347.9K | -4.4% |
Tanglewood | $2.5M | $2.3M | -6.1% |
Housing Supply in Midwest, TX
How many homes are available in Midwest, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
650 | 765 | +17.7% |
Summary: The Midwest real estate market had 765 homes for sale in April 2024, a 17.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 98 | 120 | +22.4% |
2 Bedrooms | 254 | 290 | +14.2% |
3 Bedrooms | 166 | 201 | +21.1% |
4 Bedrooms | 85 | 101 | +18.8% |
5+ Bedrooms | 47 | 53 | +12.8% |
Summary: The Midwest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 135 | +31.1% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 135 homes were sold or pending in Midwest in April 2024, up by 31.1% month-over-month. Of the 135 sold homes, 76% were sold under asking, 13% were sold at asking, and 12% were sold over asking.
Days on Market for Midwest, TX
How long does it take to sell a home in Midwest, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 51 Days | +20.3% |
Summary: Homes in Midwest had an average of 51 days on market in Apr 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 135 homes were sold in Midwest; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.