$5,058 Closing Credit*
$425,900
1,177 SqFt
2 Beds
•1 Full Bath, 1 Partial
#100480699, Listing Office: Century 21 Collective
Is Midtown, 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, Midtown was a Seller's Market.
Key Takeaway
Midtown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Midtown, NC
How much do homes in Midtown, NC cost?
Median Sold Price
$385,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$74,000(+23.8%)
Key Takeaway
Homes in Midtown have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in Midtown was $385,000 in November 2024, up 23.8% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $212.5K | +63.5% |
| 2 Bedrooms | $226.6K | $232.5K | +2.6% |
| 3 Bedrooms | $342.5K | $420K | +22.6% |
| 4 Bedrooms | $562.7K | $510K | -9.4% |
| 5+ Bedrooms | $726.5K | $772.5K | +6.3% |
Summary: Midtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in Midtown, NC
How many homes are available in Midtown, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 107 | -7.8% |
Summary: The Midtown real estate market had 107 homes for sale in November 2024, a 7.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 33 | 31 | -6.1% |
| 3 Bedrooms | 61 | 50 | -18.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Midtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 18%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midtown, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Midtown in November 2024, up by 21.4% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 56 Days | +84.0% |
Summary: Homes in Midtown had an average of 56 days on market in Nov 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Midtown has remained consistent over time.
Summary: During November 2024, 17 homes were sold in Midtown; 35% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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