$3,324 Closing Credit*
$279,900
2,006 SqFt
Listing Office: Coldwell Banker Realty
Is Midway, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, MN
How much do homes in Midway, MN cost?
Median Sold Price
$281,200
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$6,200(+2.3%)
Key Takeaway
Homes in Midway have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Midway was $281,200 in December 2024, up 2.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $217.5K | +8.8% |
| 2 Bedrooms | $229.5K | $255K | +11.1% |
| 3 Bedrooms | $281.7K | $285K | +1.2% |
| 4 Bedrooms | $335K | $325K | -3.0% |
| 5+ Bedrooms | $330K | $360K | +9.1% |
Summary: Midway housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Saint Anthony | $282.5K | $330.2K | +16.9% |
| Midway | $275K | $281.2K | +2.3% |
| Como (Saint Paul) | $339.9K | $342.5K | +0.8% |
| Frogtown / Thomas-Dale | $242K | $230K | -5.0% |
Housing Supply in Midway, MN
How many homes are available in Midway, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 28 | 20 | -28.6% |
Summary: The Midway real estate market had 20 homes for sale in December 2024, a 28.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 8 | 3 | -62.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Midway housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midway, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Midway in December 2024, down by 10.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Midway, MN
How long does it take to sell a home in Midway, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 16 Days | -35.5% |
Summary: Homes in Midway had an average of 16 days on market in Dec 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were 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 December 2024, 9 homes were sold in Midway; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
