$6,080 Closing Credit*
$512,000
2,206 SqFt
3 Beds
•2 Full Baths
#100476532, Listing Office: RE/MAX Essential
Is Midtown, 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, Midtown was a Seller's Market.
Key Takeaway
Midtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midtown, NC
How much do homes in Midtown, NC cost?
Median Sold Price
$375,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+21.0%)
Key Takeaway
Homes in Midtown have sold for 21% more than they did a year ago.
Summary: The median home sold price in Midtown was $375,000 in October 2024, up 21% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $212.5K | +63.5% |
| 2 Bedrooms | $222K | $245K | +10.4% |
| 3 Bedrooms | $345K | $427.4K | +23.9% |
| 4 Bedrooms | $575K | $550.2K | -4.3% |
| 5+ Bedrooms | $726.5K | $772.5K | +6.3% |
Summary: Midtown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.5%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 23.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Midtown | $310K | $375K | +21.0% |
| Devon Park | $297.5K | $320K | +7.6% |
Housing Supply in Midtown, NC
How many homes are available in Midtown, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 110 | 119 | +8.2% |
Summary: The Midtown real estate market had 119 homes for sale in October 2024, a 8.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 30 | 35 | +16.7% |
| 3 Bedrooms | 59 | 63 | +6.8% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Midtown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 12 | -42.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Midtown in October 2024, down by 42.9% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Midtown, NC
How long does it take to sell a home in Midtown, NC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 60 Days | +53.8% |
Summary: Homes in Midtown had an average of 60 days on market in Oct 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midtown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Midtown; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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