Is Midland County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Midland County has remained a Seller's Market.
Housing Prices in Midland County, MI
How much do homes in Midland County, MI cost?
Median Sold Price
$224,333
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midland County was $224,333 in April 2024, up 12.2% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121K | $63.5K | -47.5% |
2 Bedrooms | $121.8K | $135K | +10.8% |
3 Bedrooms | $185K | $189.5K | +2.4% |
4 Bedrooms | $255K | $296K | +16.1% |
5+ Bedrooms | $395K | $377.5K | -4.4% |
Summary: Midland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Counties
Midland County | $200K | $224.3K | +12.2% |
Saginaw County | $143.4K | $159.2K | +11.0% |
Bay County | $135.2K | $140K | +3.5% |
Gladwin County | $179.5K | $170K | -5.3% |
Housing Supply in Midland County, MI
How many homes are available in Midland County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 97 | +31.1% |
Summary: The Midland County real estate market had 97 homes for sale in April 2024, a 31.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 19 | +35.7% |
3 Bedrooms | 40 | 51 | +27.5% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Midland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 30 | +100.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Midland County in April 2024, up by 100.0% month-over-month. Of the 30 sold homes, 43% were sold under asking, 10% were sold at asking, and 47% were sold over asking.
Days on Market for Midland County, MI
How long does it take to sell a home in Midland County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 38 Days | -52.2% |
Summary: Homes in Midland County had an average of 38 days on market in Apr 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Midland County; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.