Is Midway Township, 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 Township has remained a Seller's Market.
Housing Prices in Midway Township, NC
How much do homes in Midway Township, NC cost?
Median Sold Price
$355,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Midway Township was $355,000 in May 2024, up 18.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $183K | $200K | +9.3% |
3 Bedrooms | $296.5K | $309.7K | +4.5% |
4 Bedrooms | $447.7K | $472.9K | +5.6% |
5+ Bedrooms | - | $824.2K | N/A |
Summary: Midway Township 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 9.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Midway Township | $300K | $355K | +18.3% |
Wallburg | $283.5K | $303K | +6.9% |
Thomasville Township | $230K | $243K | +5.6% |
Midway | $289K | $304K | +5.2% |
Abbotts Creek Township | $315K | $317.5K | +0.8% |
Housing Supply in Midway Township, NC
How many homes are available in Midway Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 26 | -18.8% |
Summary: The Midway Township real estate market had 26 homes for sale in May 2024, a 18.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 20 | 17 | -15.0% |
4 Bedrooms | 10 | 6 | -40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Midway Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Midway Township in May 2024, down by 30.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Midway Township, NC
How long does it take to sell a home in Midway Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 33 Days | +127.8% |
Summary: Homes in Midway Township had an average of 33 days on market in May 2024, up by 127.8% compared to last year.
Breakdown of Home Sale Times
8 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, 9 homes were sold in Midway Township; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.