Is Midway, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Midway was a Seller's Market.
Key Takeaway
Midway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midway, GA
How much do homes in Midway, GA cost?
Median Sold Price
$305,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Midway have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Midway was $305,000 in April 2024, up 15.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $205K | $171.1K | -16.5% |
| 3 Bedrooms | $235K | $285K | +21.3% |
| 4 Bedrooms | $305K | $312K | +2.3% |
| 5+ Bedrooms | $325K | $345.5K | +6.3% |
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 decreased by 16.5%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in Midway, GA
How many homes are available in Midway, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 69 | +1.5% |
Summary: The Midway real estate market had 69 homes for sale in April 2024, a 1.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 32 | 31 | -3.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
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 50%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 8 | -57.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midway, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Midway in April 2024, down by 57.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for Midway, GA
We’re sorry, we don't have information for this market at the moment
