Is Midwest, TX 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, Midwest was a Seller's Market.
Key Takeaway
Midwest 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 Midwest, TX
How much do homes in Midwest, TX cost?
Median Sold Price
$305,206
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Midwest have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Midwest was $305,206 in May 2024, up 3.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142K | $130K | -8.5% |
| 2 Bedrooms | $218.2K | $219.9K | +0.8% |
| 3 Bedrooms | $435.3K | $447.5K | +2.8% |
| 4 Bedrooms | $736.2K | $892.5K | +21.2% |
| 5+ Bedrooms | $2.4M | $2.1M | -14.7% |
Summary: Midwest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Neighborhoods
| The Memorial Villages | $1.5M | $1.7M | +13.4% |
| Mid West | $279.5K | $304.1K | +8.8% |
| Midwest | $295K | $305.2K | +3.5% |
| Greater Uptown | $356.6K | $353.4K | -0.9% |
| Tanglewood | $2.5M | $2.3M | -7.8% |
Housing Supply in Midwest, TX
How many homes are available in Midwest, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 670 | 776 | +15.8% |
Summary: The Midwest real estate market had 776 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 94 | 110 | +17.0% |
| 2 Bedrooms | 257 | 307 | +19.5% |
| 3 Bedrooms | 181 | 210 | +16.0% |
| 4 Bedrooms | 93 | 95 | +2.2% |
| 5+ Bedrooms | 45 | 54 | +20.0% |
Summary: The Midwest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 140 | 113 | -19.3% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midwest, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.
Summary: A total of 113 homes were sold or pending in Midwest in May 2024, down by 19.3% month-over-month. Of the 113 sold homes, 65% were sold under asking, 22% were sold at asking, and 12% were sold over asking.
Days on Market for Midwest, TX
How long does it take to sell a home in Midwest, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 47 Days | +19.7% |
Summary: Homes in Midwest had an average of 47 days on market in May 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midwest are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 113 homes were sold in Midwest; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS 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. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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