Midlothian Home Values

For the first time in three quarters, closed transactions in Midlothian took longer to reach the table, with sale-to-close timing stretching to roughly 51 days — up from July's faster 45-day clip and reversing two straight quarters of quickening pace. Valuations held essentially flat through the shift: price per square foot came in near $196, just a dollar above the trailing-year figure, based on MLS data for August 2026 closings in Midlothian. The median sale price settled around $502K, similarly close to its twelve-month benchmark. Sellers continued giving ground at the table, receiving just under 97 cents on the dollar, and roughly two-thirds of transactions still carried concessions averaging near $13,600. Year-over-year price growth slowed to just under two percent.

The pipeline reinforces that slower cadence. Pending contracts fell to just 40 this quarter, a sharp pullback from the roughly 145 in contract earlier this year, even as new listings held near 435 — keeping fresh supply arriving well ahead of contracts advancing toward closing. Active inventory ticked up to 607 while months of supply edged to about six, a touch tighter than Ellis County's near-seven-month pace. The widening gap between new listings and pending contracts points to softening absorption rather than a temporary pause.

While Ellis County's price per square foot held near $185 this quarter, Midlothian pulled further ahead, with closed sales landing around $194 per square foot — roughly a five percent premium. Based on MLS data for July 2026 closings in Midlothian, the median sale price near $508K also outpaced the county's roughly $409K median, extending a gap that has held across recent quarters. Homes closed slightly faster here too, in about 45 days versus the county's 47. Sellers received just under 97 cents on the dollar at closing, and roughly six in ten transactions carried concessions averaging near $13,700, both little changed from the prior period. Year-over-year price growth held modestly positive at just under three percent.

Midlothian's pipeline reflects a similarly wide gap with Ellis County: months of supply sit at roughly 5.7, modestly tighter than the county's 6.2, suggesting inventory here absorbs somewhat faster despite the market's price premium. Active listings held flat at 581 while pending contracts pulled back sharply from last month's pace, and new listing activity roughly matched the prior quarter's flow. The combination points to a market where demand cooled from its recent pace even as Midlothian continues trading well above the county's broader price signals.

Transactions moved notably faster in Midlothian this quarter, with closed sales clearing in roughly 55 days — a 13-day improvement from the prior period's 68-day pace. Based on MLS data for June 2026 closings in Midlothian, the typical transaction settled near $502K at about $196 per square foot, both figures holding close to the trailing-year median. Sellers gave back just under four cents on the dollar at closing, a slight improvement in list-to-sale recovery compared to recent months. Roughly six in ten sales still included concessions averaging around $13,200, indicating sellers continued to contribute to closing costs despite the faster pace. The year-over-year price trend remains modestly positive at just under 3 percent.

The velocity signal in Midlothian's pipeline sharpened this quarter: pending contracts stood at 145 against 411 new listings, a ratio that keeps supply pressure elevated. Active inventory of 553 units held nearly flat from the prior quarter, while months of supply tightened to about 5.9 — a half-month improvement that edges the market closer to equilibrium but still favors buyers. New listing flow has consistently outpaced pending uptake, suggesting the faster DOM at closing has not yet translated into broad absorption acceleration.