$10,000 Closing Credit*
$950,000
2,206 SqFt
3 Beds
•2 Full Baths
Tonya Zimmern, Listing Office: Levin Rinke Realty
Is Midway, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, FL
How much do homes in Midway, FL cost?
Median Sold Price
$410,260
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,360(+2.6%)
Key Takeaway
Homes in Midway have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Midway was $410,260 in November 2024, up 2.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $107.5K | -30.6% |
| 2 Bedrooms | $278K | $280K | +0.7% |
| 3 Bedrooms | $354.5K | $369.9K | +4.4% |
| 4 Bedrooms | $430K | $495K | +15.1% |
| 5+ Bedrooms | $647.5K | $717.5K | +10.8% |
Summary: Midway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Gulf Breeze | $431K | $479.2K | +11.2% |
| Midway | $399.9K | $410.2K | +2.6% |
| Holley-Navarre | $405.8K | $415K | +2.3% |
| Bagdad | $285K | $275K | -3.5% |
| Avalon-Mulat | $310K | $284.5K | -8.2% |
Housing Supply in Midway, FL
How many homes are available in Midway, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 285 | 281 | -1.4% |
Summary: The Midway real estate market had 281 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 149 | 149 | 0.0% |
| 4 Bedrooms | 88 | 84 | -4.5% |
| 5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Midway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midway, you may be able to get a good deal. 76% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Midway in November 2024, up by 2.0% month-over-month. Of the 50 sold homes, 76% were sold under asking, 18% were sold at asking, and 6% were sold over asking.
Days on Market for Midway, FL
How long does it take to sell a home in Midway, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 45 Days | +5.9% |
Summary: Homes in Midway had an average of 45 days on market in Nov 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midway are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 52 homes were sold in Midway; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.