Is Midland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Midland has remained a Seller's Market.
Key Takeaway
Midland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midland, MI
How much do homes in Midland, MI cost?
Median Sold Price
$234,875
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Midland have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Midland was $234,875 in May 2024, up 17.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52K | $63.5K | +22.1% |
| 2 Bedrooms | $120K | $135K | +12.5% |
| 3 Bedrooms | $182.5K | $198.2K | +8.6% |
| 4 Bedrooms | $252.5K | $306K | +21.2% |
| 5+ Bedrooms | $362.5K | $395K | +9.0% |
Summary: Midland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Midland Charter Township | $200K | $236K | +18.0% |
| Midland | $200K | $234.8K | +17.4% |
| Lincoln Township | $162.5K | $166K | +2.2% |
| Homer Township | $170K | $155K | -8.8% |
Housing Supply in Midland, MI
How many homes are available in Midland, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 79 | -2.5% |
Summary: The Midland real estate market had 79 homes for sale in May 2024, a 2.5% decrease 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 | 14 | 11 | -21.4% |
| 3 Bedrooms | 46 | 41 | -10.9% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Midland 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 decreased by 21.4%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midland, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Midland in May 2024, up by 3.8% month-over-month. Of the 27 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 17 Days | +42.3% |
Summary: Homes in Midland had an average of 17 days on market in May 2024, up by 42.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in Midland; 85% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.