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 May 2026, the median home price in Midway, Utah is $1,105,000, which is 113.3% above the Utah state median of $517,990. Home prices in Midway range from $189,000 to $8,500,000, with an average sale price of $1,410,017. 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 cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 96.5% and homes spending an average of 85 days on the market. Midway’s median home price is 113% above the Utah average, yet homes linger longer and price growth has turned sharply negative.

Question 3

How long do homes stay on the market in Midway?

Accepted Answer

Homes in Midway, Utah spend an average of 85 days on the market before going under contract compared to the Utah state average of 72 days (18.6% 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 May 2026, there are 91 active homes for sale in Midway, Utah with 87 new listings added recently. In the most recent reporting period, 32 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 87 new listings recently added to the market, with prices starting from $189,000. 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 $1,105,000.

Question 6

How does Midway compare to the Utah state average?

Accepted Answer

Midway home prices are 113.3% above the Utah state median of $517,990, with a local median of $1,105,000. Homes sell slower than the state average — 85 days in Midway vs 72 days statewide (18.6% above average). The sale-to-list ratio is 96.5% 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 $1,105,000, compared to the statewide median of $517,990 — a difference of $587,010 (+113.3%). 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 85 days, compared to 72 days statewide (18.6% 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 cooling.

Question 9

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

Accepted Answer

Home prices in Midway, Utah have decreased by 31.7% over the past year. The median sale price went from $1,260,000 to $860,000. This decline may signal a shifting market that favors buyers. 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 down 31.7% year-over-year and days on market increasing by 53.8%. The market temperature is rated "cooling" based on current conditions. Midway’s median home price is 113% above the Utah average, yet homes linger longer and price growth has turned sharply negative. 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 May 2025, the median home sale price in Midway, Utah was $1,260,000. Today, the median is $860,000, representing a change of -31.7% ($400,000 decrease). During that same period, the average days on market went from 55 to 84 days.

Question 12

What is the current market outlook for Midway, Utah?

Accepted Answer

Midway’s luxury market remains pricey, with a median closed price of $1,105,000—more than double the Utah median of $518,888. However, the market is cooling rapidly: prices dropped 22.9% month‑over‑month, and homes now spend an average of 85 days on market, 19% longer than the state average. The high sale‑to‑list ratio of 96.5% suggests sellers are still achieving near‑list values, but the surge in listings (88) versus modest closed transactions (32) points to growing supply and waning demand. Single‑family homes dominate the market, with 28 sales at a median of $1.12 M and an average size of 3,727 sq ft, while townhomes/condos are a smaller segment (4 sales, median $435 k).

Economic indicators reinforce the cooling trend. The 30‑year mortgage rate, after a brief dip to 6.06% in early 2026, has risen to 6.35% in May, increasing borrowing costs. Unemployment remains stable (U.S. ~4.3%, Utah 3.6%) and consumer sentiment is steady at 56.4, but the persistent warm winter in nearby Park City—shortening the ski season—may dampen demand for vacation homes in Midway. With housing starts and permits holding steady, supply is unlikely to contract soon, keeping buyer leverage higher and price pressures moderate. Buyers should anticipate negotiating power and consider the higher cost of financing in the current environment. The market temperature is rated "cooling." Midway’s median home price is 113% above the Utah average, yet homes linger longer and price growth has turned sharply negative.

Question 13

What are the key highlights of the Midway housing market?

Accepted Answer

Key highlights of the Midway, Utah housing market include: Median price fell 22.9% month‑over‑month, the steepest decline in the last three months.. Days on market rose to 85, 19% higher than the state average, indicating slower buyer activity.. Sale‑to‑list ratio remains strong at 96.5%, showing sellers can still command near‑list prices.. Inventory is ample: 88 new listings versus only 32 closed transactions in the past three months.. Mortgage rates have risen from a low of 6.06% (Feb 2026) to 6.35% (May 2026), adding cost pressure for buyers.. 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 $189,000 to $8,500,000, with a median price of $1,105,000. The standard deviation is $1,416,587, 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 $1,119,000 (-7.9% YoY), while townhomes/condos are $435,000 (-7.4% YoY). SFRs sell in 45 days vs 14 days for condos. Condos offer a lower entry point with competitive returns. 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 $360. The average home size is 3,431 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 6.35% and Utah's unemployment rate is 3.6%, with Midway's market rated as "cooling." Prices are stabilizing at 31.7% year-over-year. Current conditions may favor buyers with more negotiating room. 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

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Deals & Lifestyle in Midway

$579,850

$975,000

$434,900

$375,000

$560,000

$1,875,000

$434,900

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$434,900

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Highlights in Midway

$12,500,000

$8,500,000

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