Is Midway, FL 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, Midway has remained a Seller's Market.
Key Takeaway
Midway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midway, FL
How much do homes in Midway, FL cost?
Median Sold Price
$389,500
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Midway have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Midway was $389,500 in April 2024, up 1.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $225K | $283K | +25.8% |
| 3 Bedrooms | $355K | $355.5K | 0.1% |
| 4 Bedrooms | $462.4K | $437.5K | -5.4% |
| 5+ Bedrooms | $651.5K | $597K | -8.4% |
Summary: Midway 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 25.8%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Midway | $385K | $389.5K | +1.2% |
| Holley-Navarre | $397.3K | $400K | +0.7% |
| Gulf Breeze | $400K | $400K | 0.0% |
| Bagdad | $297.5K | $275K | -7.6% |
| Avalon-Mulat | $312.4K | $274.9K | -12.0% |
Housing Supply in Midway, FL
How many homes are available in Midway, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 59 | -7.8% |
Summary: The Midway real estate market had 59 homes for sale in April 2024, a 7.8% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 30 | 25 | -16.7% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Midway 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 decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midway, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Midway in April 2024, down by 33.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Midway, FL
How long does it take to sell a home in Midway, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 80 Days | +51.5% |
Summary: Homes in Midway had an average of 80 days on market in Apr 2024, up by 51.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Midway are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 12 homes were sold in Midway; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
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