Is Midtown, GA 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, Midtown was a Seller's Market.
Key Takeaway
Midtown 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 Midtown, GA
How much do homes in Midtown, GA cost?
Median Sold Price
$385,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Midtown have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Midtown was $385,000 in May 2024, up 1.8% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $288K | +1.1% |
| 2 Bedrooms | $465K | $462.5K | -0.5% |
| 3 Bedrooms | $750K | $820K | +9.3% |
| 4 Bedrooms | $877.5K | $1.2M | +44.5% |
| 5+ Bedrooms | $1.6M | $1.5M | -5.9% |
Summary: Midtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 44.5%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in Midtown, GA
How many homes are available in Midtown, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 448 | 499 | +11.4% |
Summary: The Midtown real estate market had 499 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 214 | 226 | +5.6% |
| 2 Bedrooms | 160 | 192 | +20.0% |
| 3 Bedrooms | 49 | 49 | 0.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Midtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 96 | 73 | -24.0% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown, you may be able to get a good deal. 61.6% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Midtown in May 2024, down by 24.0% month-over-month. Of the 73 sold homes, 62% were sold under asking, 29% were sold at asking, and 10% were sold over asking.
Days on Market for Midtown, GA
How long does it take to sell a home in Midtown, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 33 Days | +19.8% |
Summary: Homes in Midtown had an average of 33 days on market in May 2024, up by 19.8% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midtown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 73 homes were sold in Midtown; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.