Is Midway City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Midway City has remained a Seller's Market.
Housing Prices in Midway City, CA
How much do homes in Midway City, CA cost?
Median Sold Price
$915,000
$658/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Midway City was $915,000 in May 2024, up 4.9% from last year, and the median price per square foot was $658.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $717.5K | $690K | -3.8% |
3 Bedrooms | $902.5K | $945K | +4.7% |
4 Bedrooms | $907.5K | - | N/A |
5+ Bedrooms | $2.2M | $1.1M | -49.5% |
Summary: Midway City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 49.5%.
Median Sold Price Compared To Nearby Cities
Westminster | $896K | $1.0M | +14.1% |
North Coast | $1.0M | $1.1M | +10.6% |
Huntington Beach | $1.1M | $1.2M | +8.5% |
Midway City | $872.5K | $915K | +4.9% |
Housing Supply in Midway City, CA
How many homes are available in Midway City, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Summary: The Midway City real estate market had 6 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Midway City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Midway City in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Midway City, CA
How long does it take to sell a home in Midway City, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 39 Days | +295.0% |
Summary: Homes in Midway City had an average of 39 days on market in May 2024, up by 295% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Midway City; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.