Midland Real Estate Statistics

Midland real estate average sold price in the last 30 days (January 21 - February 19) was $727,176, which is $210,005 (28.9%) higher than the average price of $517,171 in the previous 30 day period (December 22 - January 20), and $226,416 (31.1%) up from the same period 1 year ago ($500,760). Midland real estate prices over the last 30 days are also $170,055 (23.4%) higher than the average selling price of $557,121 over the past year.

Midland average sold price for homes was $642,500 in the last 30 days (January 21 - February 19), which is $137,960 (21.5%) up from the average home price of $504,540 in the previous 30 day period (December 22 - January 20), and $149,769 (23.3%) higher than the same period 1 year ago ($492,731). In the last 30 days Midland the average home price was $91,992 (14.3%) higher than the average selling price of $550,508 over the last 12 months.

Average sold price of Midland townhouse was $1,003,000 in the last 30 days (January 21 - February 19), up $484,667 (48.3%) from the average townhome price of $518,333 over the previous 30 days (December 22 - January 20), and $434,000 (43.3%) higher than during to the same period 1 year ago ($569,000). Over the last 30 days the average townhouse price in Midland was $481,107 (48.0%) higher compared to the average selling price of $521,893 over the last 12 months.

Average selling price for Midland real estate was $727,176 in the last 30 days (January 21 - February 19), which is collectively $21,400 (3.5%) lower than the average asking price of $610,787. This represents a decline of $11,315 (112.2%) compared to $10,085 (1.5%) Sold-Under-Asking price from the previous 30 day period (December 22 - January 20).

The maximum Sold Over/Under Asking ratio in Midland during the last 12 months was recorded in December, 2024 with an average of $2,304 under the asking price, while the minimum occurring in September, 2024 with $22,910 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Midland was 51.5% with 17 properties sold and 22 new properties listed in the past 30 days (January 21 - February 19). This represents a decrease from 63.6% recorded during the previous 30 day period (December 22 - January 20), and a decrease from 100.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Midland was 958.3% recorded in December and the lowest was in November at 27.7%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 17 properties that were successfully sold in Midland in the last 30 days (January 21 - February 19) was 37 days, which is 4 days more than 33 days average in the previous 30 day period (December 22 - January 20) and 16 days shorter than during the same period a year ago (53 days).

There were 20 delisted properties in Midland, those that got either Expired, Suspended or Terminated over the last 30 days (January 21 - February 19) with an average of 111 days on the market. This is 10 days longer than the average of 101 days during the previous 30 day period (December 22 - January 20) and 46 days more compared to the same period last year average of 65 days on the market.

20 Midland properties that didn't sell stayed on the market 200.0% longer than 17 that sucessfully sold over the last 30 days - 37 days when sold vs 111 days when delisted respectively.

Average Days on the Market in Midland over the past 12 months for properties that have sold was 51.8 days, with 70.5 days for those properties that did not sell.

33 new properties were listed on the market in Midland in the last 30 days (January 21 - February 19). During the same time 17 properties were sold and 20 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 4 properties (or 12.1%).

During the previous 30 day period (December 22 - January 20) there were 22 new properties listed, 14 sold and 25 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was November with 65 new properties listed, the slowest - December with 24 new listings and a yearly average of 45 new listings per month.

There were a total of 28 homes listed during the last 30 days (January 21 - February 19), which is 84.8% of all properties listed in Midland. This is a 75.0% increase compared with a previous 30 day period (December 22 - January 20) and 64.7% up from the same period a year ago. Over the past year an average of 36 homes are were listed per month.

2 condo units were listed in the last 30 days (January 21 - February 19) in Midland, which represents 6.1% of all new listings. This is down 33.3% from the prior 30 day period (December 22 - January 20) and 0.0% less compared to the same period last year. There were 2 condos listed per month on average during the last 12 months.

There were a total of 12 homes sold during the last 30 days (January 21 - February 19), which is 70.6% of all properties sold in Midland. This is a 20.0% increase compared with a previous 30 day period (December 22 - January 20) and 29.4% down from the same period a year ago. Over the past year an average of 35 homes are were sold per month.

4 townhomes were sold over the last 30 days (January 21 - February 19) in Midland, which is 23.5% of all sold real estate. This is a 33.3% more than during the previous 30 day period (December 22 - January 20) and 100.0% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 5 a month.