$1,128 Closing Credit*
$95,000
960 SqFt
2 Beds
•1 Full Bath
Rocio Ramon, Listing Office: United Real Estate
Is Mid West, TX 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, Mid West was a Seller's Market.
Key Takeaway
Mid West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mid West, TX
How much do homes in Mid West, TX cost?
Median Sold Price
$364,095
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$56,370(+18.3%)
Key Takeaway
Homes in Mid West have sold for 18.3% more than they did a year ago.
Summary: The median home sold price in Mid West was $364,095 in November 2024, up 18.3% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.7K | $110.2K | -10.2% |
| 2 Bedrooms | $175K | $172.4K | -1.5% |
| 3 Bedrooms | $384.9K | $386.5K | 0.4% |
| 4 Bedrooms | $547.5K | $508.9K | -7.0% |
| 5+ Bedrooms | $687.5K | $587.8K | -14.5% |
Summary: Mid West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Mid West | $307.7K | $364K | +18.3% |
| Briargrove Park | $640.5K | $710K | +10.9% |
| The Memorial Villages | $1.6M | $1.8M | +9.2% |
| Midwest | $305.2K | $319.7K | +4.8% |
| Greater Uptown | $356.2K | $359K | +0.8% |
Housing Supply in Mid West, TX
How many homes are available in Mid West, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 200 | 237 | +18.5% |
Summary: The Mid West real estate market had 237 homes for sale in November 2024, a 18.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 36 | +9.1% |
| 2 Bedrooms | 73 | 94 | +28.8% |
| 3 Bedrooms | 61 | 78 | +27.9% |
| 4 Bedrooms | 27 | 24 | -11.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Mid West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 27.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mid West, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Mid West in November 2024, the same as the previous month. Of the 27 sold homes, 78% were sold under asking, 19% were sold at asking, and 4% were sold over asking.
Days on Market for Mid West, TX
How long does it take to sell a home in Mid West, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 50 Days | +31.6% |
Summary: Homes in Mid West had an average of 50 days on market in Nov 2024, up by 31.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mid West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Mid West; 41% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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