$5,106 Closing Credit*
$430,000
1,676 SqFt
3 Beds
•2 Full Baths
Listing Office: Magnolia Dream Real Estate
Is Midland, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Midland was a Neutral Market.
Key Takeaway
Midland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midland, NC
How much do homes in Midland, NC cost?
Median Sold Price
$402,320
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,880(-1.0%)
Key Takeaway
Homes in Midland have sold for 1% less than they did a year ago.
Summary: The median home sold price in Midland was $402,320 in November 2024, down 1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254K | $259K | +2.0% |
| 3 Bedrooms | $388K | $396.8K | +2.3% |
| 4 Bedrooms | $437K | $429K | -1.8% |
| 5+ Bedrooms | $588K | $540K | -8.2% |
Summary: Midland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Stanfield | $360K | $397.5K | +10.4% |
| Furr Township | $368.5K | $395K | +7.2% |
| Locust | $389K | $400K | +2.8% |
| Midland | $406.2K | $402.3K | -1.0% |
Housing Supply in Midland, NC
How many homes are available in Midland, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 41 | +28.1% |
Summary: The Midland real estate market had 41 homes for sale in November 2024, a 28.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 21 | 28 | +33.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Midland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midland, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Midland in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 71 Days | +107.3% |
Summary: Homes in Midland had an average of 71 days on market in Nov 2024, up by 107.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Midland has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Midland; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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