Is Midway Park, NC 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 Park has remained a Seller's Market.
Key Takeaway
Midway Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midway Park, NC
How much do homes in Midway Park, NC cost?
Median Sold Price
$308,270
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Midway Park have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Midway Park was $308,270 in May 2024, up 8.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $128.2K | $137.7K | +7.4% |
| 3 Bedrooms | $220.5K | $249.9K | +13.4% |
| 4 Bedrooms | $338K | $353K | +4.4% |
| 5+ Bedrooms | $415K | $412.5K | -0.6% |
Summary: Midway Park 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 increased by 7.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Midway Park | $283K | $308.2K | +8.9% |
| Jacksonville Township | $236K | $249.2K | +5.6% |
| Hubert | $237.8K | $250.1K | +5.2% |
| Jacksonville | $239.2K | $247.8K | +3.6% |
Housing Supply in Midway Park, NC
How many homes are available in Midway Park, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 51 | +21.4% |
Summary: The Midway Park real estate market had 51 homes for sale in May 2024, a 21.4% 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 | 5 | +66.7% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Midway Park 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 increased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Midway Park, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Midway Park in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.
Days on Market for Midway Park, NC
How long does it take to sell a home in Midway Park, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 124 Days | 87 Days | -29.9% |
Summary: Homes in Midway Park had an average of 87 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midway Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Midway Park; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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