Is Midway, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Midway was a Seller's Market.
Key Takeaway
Midway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Midway, FL
How much do homes in Midway, FL cost?
Median Sold Price
$399,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Midway have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Midway was $399,000 in May 2024, up 3.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $225K | $283K | +25.8% |
| 3 Bedrooms | $355K | $357K | +0.6% |
| 4 Bedrooms | $454.9K | $461K | +1.3% |
| 5+ Bedrooms | $575K | $633.2K | +10.1% |
Summary: Midway housing prices by bedroom type for May 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 0.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Midway | $385K | $399K | +3.6% |
| Holley-Navarre | $395K | $406.6K | +2.9% |
| Gulf Breeze | $400K | $410K | +2.5% |
| Avalon-Mulat | $294.9K | $274.9K | -6.8% |
Housing Supply in Midway, FL
How many homes are available in Midway, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 55 | +3.8% |
Summary: The Midway real estate market had 55 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Midway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Midway in May 2024, down by 38.5% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 41 Days | -13.8% |
Summary: Homes in Midway had an average of 41 days on market in May 2024, down by 13.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midway are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Midway; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.