Name: Midway Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Midway, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Midway, Utah is $1,023,000, which is 94.9% above the Utah state median of $525,000. Home prices in Midway range from $15,000 to $9,400,000, with an average sale price of $1,430,306. These figures are based on recent closed transactions in the Midway real estate market.

Question 2

Is Midway, Utah a buyer's or seller's market?

Accepted Answer

Midway, Utah is currently a warm market that leans slightly toward sellers. Key indicators include an average sale-to-list price ratio of 96.8% and homes spending an average of 94 days on the market. Midway’s median home price is about 95% higher than the Utah average, while homes sit on the market ~55% longer and sellers still achieve ~97% of list price.

Question 3

How long do homes stay on the market in Midway?

Accepted Answer

Homes in Midway, Utah spend an average of 94 days on the market before going under contract compared to the Utah state average of 61 days (54.8% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Midway, Utah?

Accepted Answer

As of July 2026, there are 98 active homes for sale in Midway, Utah with 92 new listings added recently. In the most recent reporting period, 36 transactions closed in Midway. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Midway, Utah?

Accepted Answer

Yes — Midway currently has 92 new listings recently added to the market, with prices starting from $15,000. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Midway is $1,023,000.

Question 6

How does Midway compare to the Utah state average?

Accepted Answer

Midway home prices are 94.9% above the Utah state median of $525,000, with a local median of $1,023,000. Homes sell slower than the state average — 94 days in Midway vs 61 days statewide (54.8% above average). The sale-to-list ratio is 96.8% locally vs 99.0% statewide.

Question 7

Are homes in Midway more expensive than the Utah average?

Accepted Answer

Yes, homes in Midway are more expensive than the Utah state average. The median home price in Midway is $1,023,000, compared to the statewide median of $525,000 — a difference of $498,000 (+94.9%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Midway than the rest of Utah?

Accepted Answer

No, homes in Midway take longer to sell than the Utah average. The average days on market in Midway is 94 days, compared to 61 days statewide (54.8% above average). Buyers in Midway have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered warm.

Question 9

How have home prices changed in Midway over the past year?

Accepted Answer

Home prices in Midway, Utah have increased by 88.8% over the past year. The median sale price went from $935,000 to $1,765,000. This strong appreciation reflects growing demand in the area. Check the Midway market trends section above for detailed charts.

Question 10

Is the Midway housing market heating up or cooling down?

Accepted Answer

The Midway housing market is currently showing mixed signals, with prices up 88.8% year-over-year and days on market increasing by 7.3%. The market temperature is rated "warm" based on current conditions. Midway’s median home price is about 95% higher than the Utah average, while homes sit on the market ~55% longer and sellers still achieve ~97% of list price. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Midway home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Midway, Utah was $935,000. Today, the median is $1,765,000, representing a change of +88.8% ($830,000 increase). During that same period, the average days on market went from 85 to 91 days.

Question 12

What is the current market outlook for Midway, Utah?

Accepted Answer

Midway’s residential market remains premium‑priced, with a median sale price of $1,023,000—about 95% above the Utah statewide median. The last three months have seen an extraordinary 81.2% month‑over‑month price increase, driven by a tight supply of just 92 new listings and only 36 closed transactions. While sellers are still capturing roughly 97% of list prices, homes are staying on the market longer (94 days vs. the state’s 61), suggesting that higher financing costs and price appreciation are tempering buyer urgency. Single‑family homes dominate the inventory (60 active, 15 under contract) with a median price of $1.12 M, though they posted a 27% YoY price decline, while townhomes/condos trade around $435 K with a 34% YoY dip.

On the macro side, mortgage rates have risen modestly from 6.11% in January to 6.46% in July, adding cost pressure for buyers. The Fed Funds rate has held steady at 3.63%, and both national (4.2%) and Utah (3.6%) unemployment rates remain low and unchanged, supporting overall purchasing power. Consumer sentiment and shelter‑cost indices are flat, and housing starts and permits are stable, indicating no imminent surge in new supply. Regional news of high‑end activity—such as the $22.5 M Park City megamansion and billionaire interest in the Park City Mountain Resort—signals continued affluent demand in the nearby resort corridor, which could spill over into Midway and sustain its premium market positioning despite the slight cooling indicated by longer days on market. The market temperature is rated "warm." Midway’s median home price is about 95% higher than the Utah average, while homes sit on the market ~55% longer and sellers still achieve ~97% of list price.

Question 13

What are the key highlights of the Midway housing market?

Accepted Answer

Key highlights of the Midway, Utah housing market include: Median closed price $1.02 M, nearly double Utah’s $525 K median.. Prices jumped 81.2% month‑over‑month, the strongest recent surge in the region.. Days on market 94 days, 55% above the state average, indicating growing buyer caution.. Sale‑to‑list ratio remains high at 96.8%, showing sellers still command near‑asking prices.. Mortgage rates have crept up to 6.46% for 30‑year loans, the highest level this year.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Midway, Utah?

Accepted Answer

Homes in Midway, Utah range from $15,000 to $9,400,000, with a median price of $1,023,000. The standard deviation is $1,516,075, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What are the best schools in Midway, Utah?

Accepted Answer

Midway has 1 schools. The top-rated schools based on state performance scores include: Midway School (62.7% score), 596 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Midway schools and nearby homes for sale on Propaired.

Question 16

Are there STEM or specialty schools in Midway?

Accepted Answer

Yes, Midway has 1 school with STEM excellence indicators, including Midway School. These schools demonstrate above-average performance in math, science, or both according to Utah state assessments.

Question 17

What is the internet quality in Midway, Utah?

Accepted Answer

Midway has an average broadband download speed of 1779 Mbps and 72% of homes have access to fiber internet. Top internet providers include Xfinity, Utah Broadband, Quantum Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 9.3 provider options.

Question 18

Are single-family homes or condos a better investment in Midway?

Accepted Answer

In Midway, single-family homes have a median price of $1,116,000 (-27.1% YoY), while townhomes/condos are $435,000 (-34.1% YoY). SFRs sell in 50 days vs 16 days for condos. Single-family homes are appreciating faster. Both property types are available with AI-powered search on Propaired.

Question 19

What is the price per square foot in Midway?

Accepted Answer

The median price per square foot in Midway, Utah is $394. The average home size is 3,244 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 20

Is now a good time to buy a home in Midway, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.46% and Utah's unemployment rate is 3.6%, with Midway's market rated as "warm." Prices are rising at 88.8% year-over-year. Strong demand means well-priced homes move quickly — being pre-approved helps. Market timing depends on your personal financial situation and goals.

Question 21

When is the best time to buy a home in Midway?

Accepted Answer

Historically, May offers the most new listings in Midway, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Midway

$925,000

$950,000

$975,000

$375,000

$549,989

$429,900

$375,000

$434,900

$520,000

$339,000

$375,000

$675,000

Deals & Lifestyle in Midway

$925,000

$950,000

$375,000

$549,989

$429,900

$375,000

$434,900

$520,000

$339,000

$375,000

$675,000

$1,375,000

$925,000

$549,989

$375,000

$339,000

$675,000

$1,375,000

$540,000

$483,500

$210,000

$189,000

$899,000

$790,000

$950,000

$520,000

$150,000

$400,000

$400,000

$300,000

$570,000

$483,500

$189,000

$198,000

$400,000

$400,000

$510,000

$925,000

$950,000

$975,000

$375,000

$549,989

$429,900

$375,000

$434,900

$520,000

$339,000

$375,000

$675,000

$438,000

Highlights in Midway

$12,500,000

$9,400,000

$7,000,000

$6,990,000

$5,595,000

$5,250,000

$4,990,000

$4,250,000

$4,250,000