Is Midland, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Midland has remained a Seller's Market.
Housing Prices in Midland, NC
How much do homes in Midland, NC cost?
Median Sold Price
$390,050
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Midland was $390,050 in May 2024, up 0.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $237.5K | $256K | +7.8% |
3 Bedrooms | $367.2K | $357.5K | -2.6% |
4 Bedrooms | $423K | $437.5K | +3.4% |
5+ Bedrooms | $585.5K | $641K | +9.5% |
Summary: Midland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
Furr Township | $365K | $385K | +5.5% |
Locust | $378.5K | $398K | +5.2% |
Midland | $389K | $390K | 0.3% |
Stanfield | $394K | $387K | -1.8% |
Housing Supply in Midland, NC
How many homes are available in Midland, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Summary: The Midland real estate market had 31 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 18 | 22 | +22.2% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Midland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Midland in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Midland, NC
How long does it take to sell a home in Midland, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 16 Days | -10.8% |
Summary: Homes in Midland had an average of 16 days on market in May 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Midland; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.