Is Midland Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midland Charter Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Midland Charter Township has remained a Seller's Market.

Key Takeaway

Midland Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Midland Charter Township, MI

How much do homes in Midland Charter Township, MI cost?

Median Sold Price

$235,500

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,500(+9.0%)

Key Takeaway

Homes in Midland Charter Township have sold for 9% more than they did a year ago.

Summary: The median home sold price in Midland Charter Township was $235,500 in October 2024, up 9% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $63.5K-
N/A
2 $137K$145K
+5.8%
3 $182.5K$207.7K
+13.8%
4 $298K$293K
-1.7%
5+ $361K$395K
+9.4%

Summary: Midland Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 9.4%.

Median Sold Price Compared To Nearby Cities

Midland Charter Township
+9.0%
Midland
+9.0%
Homer Township
-5.6%

Housing Supply in Midland Charter Township, MI

How many homes are available in Midland Charter Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98105+7.1%

Summary: The Midland Charter Township real estate market had 105 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 119
-18.2%
3 5249
-5.8%
4 2231
+40.9%
5+ 1215
+25.0%

Summary: The Midland Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2530+20.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midland Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Midland Charter Township in October 2024, up by 20.0% month-over-month. Of the 30 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Midland Charter Township, MI

How long does it take to sell a home in Midland Charter Township, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days17 Days-47.6%

Summary: Homes in Midland Charter Township had an average of 17 days on market in Oct 2024, down by 47.6% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Midland Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in Midland Charter Township; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Midland Charter Township, MI

Nearby Markets to Midland Charter Township, MI

What housing markets are near Midland Charter Township, MI?