Midland Texas Housing Market

By
Real Estate Sales Representative with The Doss Team @ REMAX 1st Choice

MIDLAND CITY/COUNTY HOUSING OVERVIEW 

Midland Texas, population approx 100,000.  Currently a "seller's market", demand exceeds supply, housing prices have increased approx 20-30% from 2 years ago.

HOMES FOR SALE:  Currently 364 residences for sale.

  • 1-2 bdr - 17 available, prices range from $30,000 - $225,000.  Avg $106,000.  Avg DOM 28
  • 3-4 bdr - 330 available, prices range from $25,000 - $975,000.  Avg $223,000.  Avg DOM 47
  • 5+ bdr - 17 available, prices range from $209,900 - $1,250,000.  Avg $483,000.  Avg DOM 57
  • TH's/Condos - 19 available, prices range from $128,900 - $428,000.  Avg $239,000.  Avg DOM 46
  • Suburban/Country - 30 available, prices range from $79,900 - $975,000.  Avg $295,000.  Avg DOM 81
  • New Construction - 62 available, price range from $128,000 - $489,000.  Avg $264,000.   Avg DOM 66
  • S/F Home Lots - 34 available, prices range from $8,000 - $299,000.  Avg $46,600.  Avg DOM 192

Currently there are 222 residential properties under contract/sale pending.  Avg $206,000.  Avg DOM 38.

2007 HOMES SOLD & CLOSED:

  • 1,116 residences sold to date, prices range from $18,000 - $1,162,000.  Avg $180,000.  Avg DOM 42

HOMES FOR RENT:

  • 1-3 bdr, 9 properties available, $550-2500 mo rent, avg $1250 month.  Avg DOM 17.

 

**Data from Permain Basin Board of Realtors/Navica MLS Quik Stats.  This information includes Condos, Townhomes, and other S/F residences in Midland ISD and Greenwood ISD.  AUG 2007

Visit my website for more information on Midland Tx & surrounding communities, free MLS search, free job search, buyer & seller information, local lenders, and featured homes for sale.  http://midlandgreenwoodhomes.com

 

 

Comments (1)

Earlene Myers
Fleming Island, FL
Your Client Connection

Lisa ~ Welcome to the AR network.  I hope you enjoy your stay here and find how beneficial the sharing of information can be (and fun too!)  Wishing you continued success in your business.

Aug 11, 2007 09:32 AM