Is Midland County, 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 County has remained a Seller's Market.
Key Takeaway
Midland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midland County, MI
How much do homes in Midland County, MI cost?
Median Sold Price
$224,333
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Midland County have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Midland County was $224,333 in April 2024, up 12.2% 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 | $121K | $63.5K | -47.5% |
| 2 Bedrooms | $121.8K | $135K | +10.8% |
| 3 Bedrooms | $185K | $189.5K | +2.4% |
| 4 Bedrooms | $255K | $296K | +16.1% |
| 5+ Bedrooms | $395K | $377.5K | -4.4% |
Summary: Midland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Counties
| Midland County | $200K | $224.3K | +12.2% |
| Saginaw County | $143.4K | $159.2K | +11.0% |
| Bay County | $135.2K | $140K | +3.5% |
| Gladwin County | $179.5K | $170K | -5.3% |
Housing Supply in Midland County, MI
How many homes are available in Midland County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 97 | +31.1% |
Summary: The Midland County real estate market had 97 homes for sale in April 2024, a 31.1% 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 | 14 | 19 | +35.7% |
| 3 Bedrooms | 40 | 51 | +27.5% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Midland County 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 35.7%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 30 | +100.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midland County, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Midland County in April 2024, up by 100.0% month-over-month. Of the 30 sold homes, 43% were sold under asking, 10% were sold at asking, and 47% were sold over asking.
Days on Market for Midland County, MI
How long does it take to sell a home in Midland County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 38 Days | -52.2% |
Summary: Homes in Midland County had an average of 38 days on market in Apr 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midland County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 30 homes were sold in Midland County; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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