$8,894 Closing Credit*
$749,000
4,271 SqFt
3 Beds
•3 Full Baths, 2 Partial
Cortney Cole-Hall, Listing Office: Martha Turner Sotheby's International Realty
Is Midwest, TX 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, Midwest was a Seller's Market.
Key Takeaway
Midwest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Midwest, TX
How much do homes in Midwest, TX cost?
Median Sold Price
$313,876
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,170(+4.4%)
Key Takeaway
Homes in Midwest have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Midwest was $313,876 in October 2024, up 4.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $127.5K | -7.3% |
| 2 Bedrooms | $219.9K | $215K | -2.3% |
| 3 Bedrooms | $431.3K | $443.8K | +2.9% |
| 4 Bedrooms | $800K | $840.2K | +5.0% |
| 5+ Bedrooms | $2.3M | $2.1M | -11.5% |
Summary: Midwest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Mid West | $278K | $341.6K | +22.9% |
| The Memorial Villages | $1.6M | $1.8M | +14.5% |
| Greater Uptown | $355.7K | $373.8K | +5.1% |
| Midwest | $300.7K | $313.8K | +4.4% |
| Tanglewood | $2.5M | $2.5M | -0.9% |
Housing Supply in Midwest, TX
How many homes are available in Midwest, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 697 | 851 | +22.1% |
Summary: The Midwest real estate market had 851 homes for sale in October 2024, a 22.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 101 | 141 | +39.6% |
| 2 Bedrooms | 271 | 319 | +17.7% |
| 3 Bedrooms | 180 | 223 | +23.9% |
| 4 Bedrooms | 97 | 108 | +11.3% |
| 5+ Bedrooms | 48 | 60 | +25.0% |
Summary: The Midwest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 39.6%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 109 | +0.9% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midwest, you may be able to get a good deal. 71.3% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in Midwest in October 2024, up by 0.9% month-over-month. Of the 108 sold homes, 71% were sold under asking, 16% were sold at asking, and 13% were sold over asking.
Days on Market for Midwest, TX
How long does it take to sell a home in Midwest, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 53 Days | +10.1% |
Summary: Homes in Midwest had an average of 53 days on market in Oct 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midwest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 109 homes were sold in Midwest; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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