$3,799 Closing Credit*
$319,900
1,876 SqFt
4 Beds
•2 Full Baths
Ashley Johnson, Listing Office: eXp Realty LLC
Is Midway, GA 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, GA
How much do homes in Midway, GA cost?
Median Sold Price
$320,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,000(+4.2%)
Key Takeaway
Homes in Midway have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Midway was $320,000 in November 2024, up 4.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $171.1K | $210K | +22.7% |
| 3 Bedrooms | $279.7K | $286K | +2.3% |
| 4 Bedrooms | $315K | $331K | +5.1% |
| 5+ Bedrooms | $350K | $340.9K | -2.6% |
Summary: Midway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 5.1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 66 | -2.9% |
Summary: The Midway real estate market had 66 homes for sale in November 2024, a 2.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
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 increased by 60%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midway, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Midway in November 2024, up by 33.3% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 55 Days | +456.3% |
Summary: Homes in Midway had an average of 55 days on market in Nov 2024, up by 456.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Midway has remained consistent over time.
Summary: During November 2024, 16 homes were sold in Midway; 19% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024.