Cheap Homes For Sale in Midland MI | Zillow (2024)

FAQs

Are homes selling fast in Michigan? ›

The current median days on market (DOM) in Michigan is 24 days. This means on average, homes in Michigan sell less than a month after being listed. Compared to other states, this quick turnaround time demonstrates that Michigan's market leans more toward the competitive seller's market side.

Stagnant population is largely to blame for a widening gap in values: In July 2016, the median home listing price in Michigan was $165,000, nearly $100,000 below the national median. In March, the national median was $424,000, $157,400 higher than that of Michigan.

A Great Place to Live, Work & Play

Midland has received recognition as a great place to raise a family, find and keep a job, get an excellent education, live safely, and enjoy fun nightlife, volunteering opportunities, many places of worship, a plethora of sporting and recreational opportunities, and more.

According to insurify.com, they used the following method to come up with their determination that Midland was the best city to retire in: The data scientists at Insurify, a site to compare homeowners insurance, analyzed both proprietary and public data to identify the best cities to retire in 2021.

Michigan Housing Market Conditions

The current real estate market conditions in Michigan are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.05%, marking a decline from approximately 8% in the preceding year of 2023.

In July 2024, 40.8% of homes in Michigan sold above list price, down 4.3 points year. There were only 32.5% of homes that had price drops, up from 25.0% of homes in July last year. There was a 99.7% sale-to-list price, down 0.59 points year over year. …

Flint is one of the most affordable places to live in Michigan. The median house rent ranges from $525 – $2,450. It also offers very affordable healthcare that costs 21.4% lower than the national average.

Centerville Township in the Glen Lake Community Schools district has the lowest rate, at 16.447 mills. The map below shows 2021 homestead millage rates across Michigan.

The most current statistics available from the industry group Michigan Realtors comes from August 2023. It found that, across the state, the average sales price in August was $291,186—a 5.09% increase from a year prior.

Midland, TX housing is 18% cheaper than the U.S average, while utilities are about 1% pricier. When it comes to basic necessities such as food and clothing, groceries are around 8% more in Midland, TX than in the rest of the country, while clothing costs around 8% more .

What are the best areas of Midland? ›

Quality of Life in Midland Neighborhoods

The city's median household income is $87,900, higher than the U.S. average, suggesting a relatively affluent community. Regarding the best neighborhoods in Midland, areas such as Grassland Estates, Wilshire Park, and Wedgewood Park are particularly desirable.

Midland is currently growing at a rate of 0.11% annually and its population has increased by 0.46% since the most recent census, which recorded a population of 42,516 in 2020. The average household income in Midland is $99,857 with a poverty rate of 9.24%.

Best places to retire in Michigan

Greilickville: On the edge of Lake Michigan just north of Traverse City, Greilickville offers “direct access to fabulous parks.” Beverly Hills: The Detroit suburb “provides it all for retirees who enjoy spending time in nature. …

Best Time to Sell Your House for a Higher Price

June, July, and August are the best months to sell your house in Michigan.

Michigan faces an acute housing shortage - worse than the national average for both owners and renters. Housing shortages are most severe in SE Michigan and West Michigan.

In Michigan, completed foreclosures jumped 200%, while they rose 47% in Minnesota and 43% in California. Pennsylvania saw a 36% increase, and Missouri a 34% increase.

The worst time to sell a house is typically during the winter months, particularly in December, January, and February. During this period, bad weather can deter potential buyers from attending open houses, and many people are preoccupied with holiday activities and planning.