Midlothian Home Values

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.

Midlothian's closed-sale valuation held at roughly $194 per square foot over the trailing quarter, a $9 premium above Ellis County's $185 benchmark — a gap that has characterized this submarket across recent periods. Based on MLS data for May 2026 closings in Midlothian, the typical transaction settled near $489K, running about $16K below the trailing-year median and pointing to modest softening at the higher end. Sellers gave back roughly four cents on the dollar at closing, and nearly six in ten transactions included concessions averaging around $13,800. Properties moved in approximately 68 days, with the broader year-over-year price trend holding a slim positive of just under 3 percent.

At 6.9 months of supply, Midlothian's pipeline points toward continued buyer-favorable conditions, though that figure sits meaningfully below Ellis County's 7.8 months — directionally suggesting Midlothian absorbs new supply somewhat faster than the broader county. Active inventory of 564 units against 179 pending contracts implies more available options than committed demand at present. New listing flow of roughly 417 units over the trailing quarter has outpaced pending activity, consistent with the absorption pattern the market has shown.