Are sellers cutting their asking price in Midland, MI?
In Midland, MI, 44% of the homes on the market cut their asking price during May 2026 — roughly 4 in every 10 listings. A year earlier it was 36%, so more sellers are cutting now.
A price cut means a home was listed, did not sell at that number, and the seller lowered it. It is the clearest sign of the gap between what sellers are asking and what buyers will pay, and it shows up months before it shows up in sale prices.
Cutting is more common than it was a year ago — up about 8 points. That usually means asking prices have run ahead of what buyers are willing to do.
The other side of the same market: 43% of homes here sold for MORE than the asking price. Both numbers being high is normal and not a contradiction — it means pricing is what decides the outcome. Homes priced right draw offers; homes priced high sit and then get cut.
This is the highest share of price cuts Midland, MI has seen in the 36 months we have on file.
If you are selling here, the number to take from this is that about 4 in 10 of your competitors got their first price wrong. If you are buying, a home that has already been cut once is a seller who has accepted that the market disagreed with them.
One caution: price cuts are seasonal everywhere. Listings that sit through the summer get cut in the fall. That is why the honest comparison is to the same month a year ago, which is the one we show, rather than to last month.
Source: Redfin's published market data for the Midland, MI area, through May 2026.
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More about the Midland, MI market
- When is the best month to sell a house in Midland, MI?
- How long does it take to sell a house in Midland, MI?
- Do homes sell above asking price in Midland, MI?
- Are home prices going up or down in Midland, MI?
- Is Midland, MI a buyer's market or a seller's market?
- Is the housing market slowing down in Midland, MI?
- What is the average home price in Midland, MI?
- How many homes are for sale in Midland, MI?
- All Midland, MI housing numbers
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Figures come from Redfin's published market data for the Midland, MI area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.