79701 Home Values & Market Trends

There are 55 homes currently listed for 79701. 79701 real estate market trends show that home prices range from $52,000 to $1,895,000, and the median sales price in the 79701 zip code is $300,582. The total number of properties sold within the past twelve months is 329. In 79701, 12 properties are in foreclosure, 3 are bank owned properties,and 9 are headed for auction.

79701 Real Estate Market Overview

CityMedian Est. Value
Midland

$ 397,670

$ 182/sqft

Housing Market Summary for 79701

Oct 2023September 2024Change
Median Listing Price$239.9K$337.5K40.65%
Median Sold Price$231.3K$234.4K1.34%
Homes For Sale526117.31%
Homes Sold200142-29.00%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 79701

The median list price of a home in Midland, is $300,582. A total of 55 properties are for sale, and the percentage of properties for sale in the zip code is 55.00%. The total count of 79701 properties is 225.

Foreclosure
There is 1 cities within 79701; within this cities, the median estimated home value for homes in foreclosure ranges from $1,942,108 in midland to the lowest value of $55,314 in midland. Foreclosure homes account for 5.00% of properties in 79701 with midland containing 54 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 79701 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 79701; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 79701 ranges from the highest value of $856,355 in midland to the lowest value of $55,314 in midland. Bank owned homes and properties account for 1.33% of properties in 79701. There is 1 cities within 79701; midland containing 14 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    midland has 40 auction properties, the highest number of properties going to auction in a single city in the state of 79701. Auction homes and other auction properties account for 4.00% of all properties in 79701. There is 1 cities within 79701; of that cities, the median estimated home value for homes going to auction ranges from $1,942,108 in midland to the lowest value of $140,921 in midland.
Homes for Sale
Homes and properties that are actively listed for sale account for 24.44% of residential properties in 79701 with midland containing 339 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 79701; homes for sale in that cities, have a range of median values from $3,500,000 in midland to the lowest value of $40,734 in midland.
    Sold Homes
    The median value for recently sold homes ranges from $3,725,712 in midland to the lowest price of $25,117 in midland. There is 1 cities within 79701. midland has 1135 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 64.89% of properties in 79701.

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      Guide for 79701

      Market Reports
      Texas Housing Relief: July 2024 Pre-Foreclosure Properties Plunge 38% Yearly
      Home with a messy garden
      Foreclosure
      The Pros And Cons Of Buying A Foreclosed Property
      Texas
      Waco Real Estate Holds Steady: May 2024 Analysis Reveals Consistent Growth and Stable Market Opportunities
      Market Reports
      Real Estate Market Report for Waco, TX – May 2024
      See More Articles
      Texas Housing Relief: July 2024 Pre-Foreclosure Properties Plunge 38% Yearly
      Market Reports|posted 21 August 2024

      Pre-foreclosure properties in Texas dropped 18% month-over-month and 38% year-over-year in July 2024, indicating improved economic stability.

      Home with a messy garden
      The Pros And Cons Of Buying A Foreclosed Property
      Foreclosure|posted 11 August 2023

      Learn the pros and cons of buying a foreclosed property and invest in a foreclosure with confidence

      Waco Real Estate Holds Steady: May 2024 Analysis Reveals Consistent Growth and Stable Market Opportunities
      Texas|posted 20 June 2024

      From June 2023-May 2024, Waco, TX saw steady property value increases and robust sales despite lower availability. Comparatively, it offers a more balanced market than neighboring cities.

      Real Estate Market Report for Waco, TX – May 2024
      Market Reports|posted 4 June 2024

      Waco, TX real estate shows price per sq. ft. trending up despite minor fluctuation in sale prices.