Is Midland, MI 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, Midland has remained a Seller's Market.
Housing Prices in Midland, MI
How much do homes in Midland, MI cost?
Median Sold Price
$232,625
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midland was $232,625 in April 2024, up 19.3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $63.5K | +22.1% |
2 Bedrooms | $114K | $135K | +18.4% |
3 Bedrooms | $181K | $192K | +6.1% |
4 Bedrooms | $255K | $300.5K | +17.8% |
5+ Bedrooms | $360K | $378.7K | +5.2% |
Summary: Midland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Midland Charter Township | $185K | $232.6K | +25.7% |
Midland | $195K | $232.6K | +19.3% |
Homer Township | $185K | $158K | -14.6% |
Housing Supply in Midland, MI
How many homes are available in Midland, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 74 | +25.4% |
Summary: The Midland real estate market had 74 homes for sale in April 2024, a 25.4% increase 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 | 10 | 13 | +30.0% |
3 Bedrooms | 32 | 41 | +28.1% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Midland 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 increased by 30%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 25 | +78.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Midland in April 2024, up by 78.6% month-over-month. Of the 25 sold homes, 44% were sold under asking, 12% were sold at asking, and 44% were sold over asking.
Days on Market for Midland, MI
How long does it take to sell a home in Midland, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
2 Days | 42 Days | +1586.4% |
Summary: Homes in Midland had an average of 42 days on market in Apr 2024, up by 1586.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Midland; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.