Is Midland County, 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 County has remained a Seller's Market.
Housing Prices in Midland County, MI
How much do homes in Midland County, MI cost?
Median Sold Price
$222,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Midland County was $222,000 in May 2024, up 11.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121K | $63.5K | -47.5% |
2 Bedrooms | $125K | $140.2K | +12.2% |
3 Bedrooms | $182.5K | $192.5K | +5.5% |
4 Bedrooms | $255K | $300K | +17.6% |
5+ Bedrooms | $377.5K | $387.5K | +2.6% |
Summary: Midland County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
Saginaw County | $141.5K | $162.5K | +14.8% |
Midland County | $199.4K | $222K | +11.3% |
Bay County | $135K | $140.5K | +4.1% |
Gladwin County | $175K | $174K | -0.6% |
Housing Supply in Midland County, MI
How many homes are available in Midland County, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 110 | +3.8% |
Summary: The Midland County real estate market had 110 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 | 20 | 15 | -25.0% |
3 Bedrooms | 58 | 61 | +5.2% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Midland County 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 25%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 33 | +3.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Midland County in May 2024, up by 3.1% month-over-month. Of the 33 sold homes, 39% were sold under asking, 12% were sold at asking, and 48% were sold over asking.
Days on Market for Midland County, MI
How long does it take to sell a home in Midland County, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 16 Days | -16.5% |
Summary: Homes in Midland County had an average of 16 days on market in May 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Midland County; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.