$5,047 Closing Credit*
$425,000
1,984 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Keller Williams Ballantyne Area
Is Midland, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Midland was a Seller's 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
$400,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,500(-2.8%)
Key Takeaway
Homes in Midland have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Midland was $400,000 in October 2024, down 2.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252K | $259.5K | +3.0% |
| 3 Bedrooms | $375K | $396.8K | +5.8% |
| 4 Bedrooms | $431.4K | $429K | -0.6% |
| 5+ Bedrooms | $588K | $575K | -2.2% |
Summary: Midland 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 3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Stanfield | $364.7K | $405K | +11.0% |
| Furr Township | $369K | $398K | +7.9% |
| Locust | $388.5K | $403.3K | +3.8% |
| Midland | $411.5K | $400K | -2.8% |
Housing Supply in Midland, NC
How many homes are available in Midland, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The Midland real estate market had 34 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Midland 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 increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midland, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Midland in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +49.2% |
Summary: Homes in Midland had an average of 33 days on market in Oct 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Midland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Midland; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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