Is Midway, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midway is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Midway has remained a Seller's Market.

Key Takeaway

Midway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Midway, GA

How much do homes in Midway, GA cost?

Median Sold Price

$305,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$34,250(+12.7%)

Key Takeaway

Homes in Midway have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Midway was $305,000 in May 2024, up 12.7% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$265K
N/A
2 $210K$173K
-17.6%
3 $260K$282.2K
+8.6%
4 $295K$321K
+8.8%
5+ $350K$341K
-2.6%

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 decreased by 17.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 2.6%.

Housing Supply in Midway, GA

How many homes are available in Midway, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6781+20.9%

Summary: The Midway real estate market had 81 homes for sale in May 2024, a 20.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 44
0.0%
3 2735
+29.6%
4 3137
+19.4%
5+ 45
+25.0%

Summary: The Midway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
918+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midway, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Midway in May 2024, up by 100.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.

Days on Market for Midway, GA

How long does it take to sell a home in Midway, GA?

Average Sale Time

May 2023May 2024CHANGE
5 Days7 Days+52.0%

Summary: Homes in Midway had an average of 7 days on market in May 2024, up by 52% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Midway are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 18 homes were sold in Midway; 28% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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MLS Disclaimers and Copyright

Based on information from Savannah Multi-List Corporation, and Georgia MLS for the period 06/01/2022 - 06/01/2024

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than this broker are marked with the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal and some properties which appear for sale on this web site may subsequently have sold and may no longer be available.. Listing(s) 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.
Copyright 2024 Savannah Multi-List Corporation. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 9:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 9:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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