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 Midland Real Estate Trends 
2021 Year End Review
 
Midland’s Real Estate Market showed amazing strength in 2021 by setting multiple all-time records, as well as great stability indicated by a sustainable price appreciation rate.
 
Here are a few highlights from the charts and information contained below:
  • 2021 set a record for the highest average sales price at $355,680, which surpassed the previous record of $345,828 in 2019.
  • The total number of homes sold was 2,747 in 2021, well above the previous record high of 2,577 in 2019.
  • Appreciation remained a stable 3.3% and indicates a balanced and sustainable real estate market for Midland’s future.
  • There were four consecutive months of record-breaking homes under contract in 2021 (April-July).
  • July 2021 set the all-time record for the number of homes sold in a single month for the Midland Real Estate Market.
  • Interest rates remained in the historically low range of 2.5% to 3% for the first eleven months of 2021.  While interest rates have recently moved above 3% they remain at historical lows and still make homeownership very affordable. 
The Lanier Team has been a trusted and highly successful name in the Midland market since 1969. As a part of the nation's largest real estate company, Keller Williams, we offer an experienced, energetic, and knowledgeable group of both buyer and seller agents that are known and respected nationally, as well as locally. Our experience and knowledge matters. Bring your home buying or selling needs to us and be confident you will be handled with care.
 
We are pleased to provide this information to our friends and clients. Please feel free to share our newsletter with anyone who may need real estate services.
 
 
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- 2021 set a record for the highest average sales price of $355,680 surpassing the previous record of $345,828 in 2019.
- The total number of homes sold was 2,747 in 2021, well above the previous record high of 2,577 in 2019.
 
 
 
 
- Midland set a new record high average sales price of $355,680 in 2021.
 
 
- The sales price appreciation of 3.3% during 2021 is a great indicator of a balanced and sustainable real estate market. 
- The red line is an overlay of yearly oil prices average for the corresponding year.
 
 
 
The Days on Market of 50 is an indicator of a solid and stable real estate market.
 
 
New home construction permits have remained stable for the past 3 years.
 
 
 
While interest rates have moved above 3% we are still at a historically low rate that makes homeownership very affordable. 
 
 
The available inventory of homes for sale in 2021 remained stable during 2021.
 
 
April through July 2021 were four consecutive record setting months of homes in an under contract status. 
 
 
July 2021 was the all-time record number of homes sold in a single month for the Midland Real Estate Market. 
 
 
The most abundant number of homes for sale were in the $200,000 to $400,000 price range. 
 
 
 
2021 saw a significant increase in demand for most price increments.  
 
  
The most prominent increase in home sales was seen in the $300,000 to $350,000 price range during 2021.
 
 
 
"Old Midland" home.
2003 Stanolind
$950,000
Spectacular home in Green Tree Country Club!
4501 Green Tree Blvd
$895,000
Great location for your new office!
1306 W Illinois Ave. 
$750,000
Amazing remodeled home with a pool!
808 Canonero
$635,000
Absolutely stunning with a game room!
6002 Oak Creek 
$559,000
Amazing 5-bedroom in Mockingbird Heights!
4204 Edgebrook 
$555,000
Gorgeous Updates!
5002 Heather 
$510,000
Build your dream home with room for livestock!
2908 E Loop 250
$500,000
Spectacular Home in Mockingbird Oaks!
5606 Dunbarton Oaks 
$480,000
Great location for a business or dream home!
2920 E Loop 250 
$450,000
AMAZING Space!
4908 Heather Rd. 
$450,000
Country living close to town!
3805 South County Road 1184
$419,900
 Beautiful updated all-electric home with an office/hobby room!
3718 Roadrunner Trail
$412,000
Breathtaking home!
4809 Yearwood Dr. 
$389,900
Zoned Residential or Commercial
5111 East State Hwy 158
$389,900
Stunning move-in ready home with incredible updates!
2512 Keswick Cove
$375,000
Absolutely beautiful home with an incredible floor plan!
1505 San Francisco 
$365,000
Fantastic home with a large game room!
2410 Metz Pl.
$365,000
Lovely family home in an established neighborhood!
1321 Terra Court
$350,000
Private low-maintenance living!
1021 Ward St. 
$349,000
Spacious home close to the neighborhood pool, tennis courts and clubhouse!
1808 Castleford
$339,500
Fantastic home for entertaining!
2602 Cimmaron Ave. 
$335,000
Immaculate move-in ready home in Los Patios!
5715 Llano Court 
$335,000
Stunning throughout with a fabulous yard!
2320 Shadybrook Rd. 
$335,000
Exceptional 5-bedroom on 2+ acres!
7201 East County Road 60
$325,000
Fantastic outdoor living space!
6702 Victory Pkwy.
$319,900
Move-in Ready!
506 Wagner 
$295,000
Spacious with an open concept!
9041 Red Cliff 
$279,900
Cute home with a great open floor plan!
806 Dimaggio Ct. 
$279,500
Charming 4-bedroom home!
1107 Porterfield 
$275,000
"Old Midland" home close to downtown!
111 North C Street
$275,000
Absolutely Gorgeous!
1404 East Pecan Ave. 
$255,000
HUGE Lot!
702 Osage 
$250,000
Nice Updates!
4517 Pasadena Dr. 
$235,000
Cute and private with a backyard!
4200 Nelson Dr. 
$225,000
Beautifully updated condo!
2100 W. Wadley # 19
$219,000
Great Workshop!
306 S. Bentwood Dr. 
$209,900
Spacious with a man cave!
3513 W. Michigan Ave. 
$200,000
Ready for your dream home!
0 Cuthbert  
$200,000
Charming home close to downtown!
504 Holmsley 
$200,000
WOW, bigger than it looks!
4627 Laura
$195,000
Charming all electric home with a good-size backyard!
4728 W. Cuthbert Ave. 
$180,000
Beautiful Rental Property!
4713 Harvard Ave. 
Lease for $1,900/ month
*** The information above has been obtained from the Permian Basin Board of Realtors Multiple Listing Service (and other sources) and is deemed accurate but not guaranteed. Permian Basin Board of Realtors MLS Information - Copyright 2011 - All Rights Reserved
 
 
Lanier & Co. @ Keller Williams • PO Box 2291 • Midland, TX 79702
http://billlanier.com
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