2025 Midlothian Real Estate Market Update: Pricing Trends, Expired Listings, and What Sellers Must Know

By Mike Boone | Boone Residential | Midlothian, VA Real Estate Expert

If you’ve been wondering what’s really happening in the Midlothian, VA housing market in 2025, the latest MLS data (Jan 1–Nov 30) tells a clear story. As one of the top-performing agents in the area, I analyze every sale, every price change, and every expired listing across Midlothian to help my clients make smart, strategic decisions.

This report breaks down exactly what’s selling, what’s not, and where the market is headed as we move toward 2026.

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Midlothian Home Prices: What’s Really Happening in 2025?

The data confirms what many buyers and sellers have been feeling: prices are holding strong, but the market rewards homes that are priced correctly from day one.

Key Price Metrics (Jan–Nov 2025)

• Median List Price (all statuses): $525,000

• Median Sold Price: $510,000

• Median SP/LP Ratio: 100%

• Typical sold home receives 99–102% of asking price

Homes that sold didn’t need dramatic price cuts — most closed right at or above list price, proving Midlothian continues to be one of Central Virginia’s strongest and most stable markets.

Quarter-by-Quarter: The 2025 Market Tells a Story

When you zoom in by quarter, the market rhythm becomes even clearer:

Q1: A Strong but Normal Start

• Median Price: ~$472,500

• Median DOM: 7 days

Q2: The Big Spring Surge

• Median Price: ~$537,500

• Median DOM: 6 days

• This was the fastest-moving quarter of the year.

Q3: A Summer Cool-Down

• Median Price: ~$500,000

• Median DOM: 9 days

Q4 (So Far): Stabilizing and Strong

• Median Price: ~$528,000

• Median DOM: 8 days**

Bottom line: The Midlothian market is not crashing — it’s self-correcting after the Q2 heat, and remaining extremely stable through fall.

What Sellers Must Understand: Sold vs. Expired Listings in Midlothian

Here’s where the data gets interesting… and where many sellers leave tens of thousands of dollars on the table.

Overall Success Rate

• Sold: 1,231

• Expired: 77

• Released: 146

• Total Failed Listings: 15.3%

That means about 1 in 6 Midlothian homes failed to sell — and the patterns behind those failures are crystal clear.

Overpricing Is the #1 Reason Homes Fail in Midlothian

When we compare the Original List Price (OLP) of sold vs. failed listings, the truth jumps off the page:

• Median OLP of Sold Homes: $509,950

• Median OLP of Released Homes: $587,000

• Median OLP of Expired Homes: $714,650

Expired and released listings start too high, sit too long, and eventually fall out of the market.

Days on Market Reveals the Real Consequences of Overpricing

• Sold: 7 days

• Released: 51 days

• Expired: 86 days

The longer a home sits, the less negotiating power the seller has — and buyers sense that weakness.

The Impact of Overpricing on Final Sale Price

The MLS data makes this point impossible to ignore:

Homes Priced Correctly (Sell at/Above OLP):

• Median DOM: 5 days

• SP/LP: 100–102%

• Outcome: Fast sale + top dollar

Homes Slightly Overpriced (Sell 97–99% of OLP):

• DOM: 16 days

Homes Moderately Overpriced (Sell 90–96% of OLP):

• DOM: 31 days

Homes Deeply Overpriced (Sell <90% of OLP):

• DOM: 59 days

• Often forced into major price cuts

This is proof that overpricing does not help sellers.
It only delays the process and leads to larger concessions in the end.

Where Homes Sell Fastest in Midlothian (Micro-Market Breakdown)

Using elementary school zones as a geo-targeted proxy, these micro-markets show the strongest performance:

Fastest, Most Reliable Zones

• Alberta Smith (~94% sold)

• Evergreen (~89%)

• Robious (~88%)

These zones consistently attract strong buyer demand.

High-End but Sensitive

• Bettie Weaver (~84% sold)

• Old Hundred (~73% sold)

These areas achieve strong prices, but the higher failure rate shows buyers are less forgiving when sellers overreach.

What’s Selling Best? The Midlothian Sweet Spots

By Size

Homes under ~2,800 square feet are the “golden zone”:

• High sold share (86–92%)

• 6–7 day median DOM

• Strong competition + stable pricing

By Bedrooms

• 3–5 bedroom homes make up the strongest part of the market

• 6+ bedrooms are more niche and take longer to sell

By Price Range

The safest price segments:

• $350K–$549K: 88–93% sold

• $650K–$799K: Only 75% sold (pricing sensitivity spikes here)

• $2M+: 50% failure rate — ultra-luxury remains highly selective

Midlothian Market Takeaways for Buyers & Sellers in 2025

For Sellers

• Price correctly on day one — or you risk doubling your DOM.

• Overpricing is the fastest way to join the 15% of failed listings.

• Homes in strong school zones sell faster and closer to list price.

For Buyers

• Midlothian remains competitive, especially under $550K.

• Move-in-ready homes priced accurately still sell quickly.

• The upper-end market offers opportunities where sellers mis-price.

Thinking about buying or selling in Midlothian? Let’s talk.

As a top real estate professional specializing in Midlothian and the surrounding Chesterfield County markets, I help families:

• Maximize equity when selling

• Strategically time their move

• Identify undervalued opportunities

• Navigate competitive offer situations

• Understand hyper-local market data that general reports miss

If you're planning to move in 2025 or 2026, this data-backed approach will help you make the smartest possible decisions.

📲 Text/Call Mike Boone at 804-409-8655
Broker / Owner of Boone Residential
Your Midlothian, VA Real Estate Advisor