Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
The median asking price in Midland is about $441,000 as of Oct 2026, down 4.2% from a year ago. The typical listing is 2% smaller than a year ago, and asking price per square foot is up 0.6%. So the size of homes on the market explains much of the drop. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).
Yes, if you negotiate. Buyers have more room in Midland than usual. Compared with 2017–2019 at this time of year, there are 21 pending sales per 100 listings, against 39 then, and there are 35% more homes for sale. Sellers are competing harder for you than they used to. Use it.
Midland asking prices per square foot were above the year before in 79% of months since the data starts. Within a year, the cheapest and priciest months differ by about 8.1%. That is bigger than the yearly trend, so timing your purchase matters here. Nothing in Midland's numbers is far from its own normal. Your return comes from the property and the price you negotiate.
The median asking price is 9.2% below its May 2026 peak. Per square foot the gap is smaller: 2.4% below the Feb 2025 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Midland prices have risen in 89 of the last 112 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.
Ranked among the 77 Texas markets we track:
For every 100 homes still for sale, 21 are under contract. In 2017–2019 at this time of year it was 39. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.
Midland listings spend a median 53 days on the market. There are 624 homes for sale in Midland. That is 2.9 times the tightest month on record, but below the peak of 810. Supply is steady against last year.
In Midland, 32 out of every 100 households rent. Most own their home. That share has held steady for five years. Midland added about 2,700 renter households in five years. Renter households average 2.2 people. Two and three bedrooms fit the typical renter.
Households grew 18% in five years. The housing stock grew 18%. The two are moving in step. 6.8% of homes sit empty. That is normal for a healthy market.
The median Midland household earns $93,542 a year. Incomes here have grown 2.8% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 4.7 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $2,339 a month.
To see what one Midland address would rent for and cash flow, run it through the app.
Read how rent-to-price works and how we read these numbers, then run the numbers on a deal.
The median asking price in Midland is about $441,000 as of Oct 2026, down 4.2% from a year ago. The typical listing is 2% smaller than a year ago, and asking price per square foot is up 0.6%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Midland figures cover the 11 ZIP codes with a Midland mailing address, which can reach past city limits.
Buyers have more room in Midland than usual. We compare Midland with 2017–2019 at this time of year: there are 21 pending sales per 100 listings, against 39 then; there are 35% more homes for sale; listings spend 18% more days on the market.
The median asking price is 9.2% below its May 2026 peak. Per square foot the gap is smaller: 2.4% below the Feb 2025 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.
79706. Only 15 homes under contract for every 100 still for sale. 26% of sellers there have cut their price, and listings there spend a median 65 days on the market.
Across 9 full years, Midland asking prices ran lowest in January, about 5.3% below the year's average. They peaked in May. The most homes for sale show up in August, about 13% above the yearly average.
Assume +4.1% a year. Midland has grown about 4.1% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 0.6% over the last year. Use it for timing. The five-year rate is the better guide.
HUD's fiscal year 2026 fair market rent for Midland County is $1,780 a month for 2 bedrooms and $2,286 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.
ZIP 79701 is on both lists. That is rare. It is the one place in Midland where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 79703 | +3.4% | $164 | 0.30 | 40 |
| 79705 | +0.2% | $181 | 0.25 | 197 |
| 79706 | -0.3% | $220 | 0.15 | 143 |
| 79701 | -0.8% | $165 | 0.21 | 62 |
| 79707 | -1.0% | $202 | 0.20 | 182 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Midland has eleven ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.
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