$3,681 Closing Credit*
$310,000
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 September 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
$280,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$5,100(+1.9%)
Key Takeaway
Homes in Midway have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Midway was $280,000 in September 2024, up 1.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $205K | +41.4% |
| 2 Bedrooms | $229.7K | $239K | +4.0% |
| 3 Bedrooms | $281K | $287.5K | +2.3% |
| 4 Bedrooms | $317.5K | $327.5K | +3.1% |
| 5+ Bedrooms | $315K | $360K | +14.3% |
Summary: Midway housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.4%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Saint Anthony | $291.2K | $332K | +14.0% |
| Midway | $274.9K | $280K | +1.9% |
| Frogtown / Thomas-Dale | $235.5K | $238.1K | +1.1% |
| Como (Saint Paul) | $339.2K | $331K | -2.4% |
Housing Supply in Midway, MN
How many homes are available in Midway, MN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Summary: The Midway real estate market had 35 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Midway housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midway, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Midway in September 2024, down by 8.3% month-over-month. Of the 11 sold homes, 0% were sold under asking, 27% were sold at asking, and 73% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 18 Days | 13 Days | -27.8% |
Summary: Homes in Midway had an average of 13 days on market in Sep 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 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 September 2024, 11 homes were sold in Midway; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
