$60,000
3.00 Acres
Land
Erica F. Ferrell, Listing Office: Properties By Me
Is Midway, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Midway was a Neutral Market.
Key Takeaway
Midway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midway, GA
How much do homes in Midway, GA cost?
Median Sold Price
$320,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$28,050(+9.6%)
Key Takeaway
Homes in Midway have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Midway was $320,000 in September 2024, up 9.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $185K | $200.9K | +8.6% |
| 3 Bedrooms | $267K | $300K | +12.4% |
| 4 Bedrooms | $312K | $330K | +5.8% |
| 5+ Bedrooms | $360K | $341K | -5.3% |
Summary: Midway housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in Midway, GA
How many homes are available in Midway, GA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 70 | 66 | -5.7% |
Summary: The Midway real estate market had 66 homes for sale in September 2024, a 5.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 33 | 28 | -15.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Midway housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 7 | -66.7% |
Asking Price vs. Sold Price
0 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, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Midway in September 2024, down by 66.7% month-over-month. Of the 7 sold homes, 0% were sold under asking, 71% were sold at asking, and 29% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 5 Days | 21 Days | +326.7% |
Summary: Homes in Midway had an average of 21 days on market in Sep 2024, up by 326.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 September 2024, 7 homes were sold in Midway; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
