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Thursday, November 21, 2024

Midland County home prices rose in the second half of 2022

Realestate1

The median sale price of a home sold in the second half of 2022 in Midland County rose by $31,035 while total sales decreased by 20.9%.

From July through December of 2022, there were 1,578 homes sold, with a median sale price of $213,985 - a 17% increase over the $182,950 median sale price for the same period of the previous year. There were 1,996 homes sold in Midland County in the second half of 2021.

The median sales tax in Midland County for the most recent year with available data, 2021, was $2,724 approximately 1.3% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Midland County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$182950$182950$203220$203220$213985$213985

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