Is Midtown, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Midtown is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Midtown has remained a Seller's Market.

Key Takeaway

Midtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Midtown, GA

How much do homes in Midtown, GA cost?

Median Sold Price

$385,500

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$41,000(+11.9%)

Key Takeaway

Homes in Midtown have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Midtown was $385,500 in May 2024, up 11.9% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $180K$325K
+80.6%
3 $333.7K$432.5K
+29.6%
4 $392.2K$396.9K
+1.2%
5+ $468K$657.5K
+40.5%

Summary: Midtown 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 80.6%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 40.5%.

Median Sold Price Compared To Nearby Neighborhoods

Eastside
+20.6%
Live Oak
+13.1%
Midtown
+11.9%

Housing Supply in Midtown, GA

How many homes are available in Midtown, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2726-3.7%

Summary: The Midtown real estate market had 26 homes for sale in May 2024, a 3.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 24
+100.0%
2 69
+50.0%
3 107
-30.0%
4 42
-50.0%
5+ 54
-20.0%

Summary: The Midtown 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 increased by 50%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Midtown, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Midtown in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Midtown, GA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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Newest Listings in Midtown, GA

Nearby Markets to Midtown, GA

MLS Disclaimers and Copyright

Based on information from Savannah Multi-List Corporation, and Georgia MLS for the period 06/01/2022 - 06/01/2024

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than this broker are marked with the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal and some properties which appear for sale on this web site may subsequently have sold and may no longer be available.. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Copyright 2024 Savannah Multi-List Corporation. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 6:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 6:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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