What does $350K–$500K buy in Midlothian in 2026?

In September 2026, 52 Midlothian homes sold between $350,000 and $500,000 at a median of $416,500. That made it the busiest of the price bands in the area’s report, and it moved fast: a median of 7.5 days on the market.

Here is what that band looks like next to its neighbors, and what the numbers can and cannot tell you about the house you want.

What do the Midlothian price bands look like?

Price band (September 2026)	Sold	Median sale price	Median days on market	Price per sq ft	Months of supply
$250K–$350K	11	$312,500	39	$213.93	2.4
$350K–$500K	52	$416,500	7.5	$230.81	3.5
$500K–$750K	28	$558,500	5.5	$207.75	3.4
$750K–$1M	13	$835,000	40	$221.28	2.7

Source: Keeton & Co analysis of CVR MLS data, September 2026. Medians of closed sales; months of supply uses active listings. Bands with fewer than a dozen sales, such as $250K–$350K at 11, are thin, so read them as hints.

The $350K–$500K band had 204 active listings at month end, more than any band printed. That is a lot of choice for the busiest group of buyers.

What kind of home does $350K–$500K buy?

Property-type figures show the neighborhood of the budget. The overall Midlothian median in September 2026 was $473,725 across 114 sales. Detached homes had a median of $525,000 across 86 sales, and condos had a median of $364,465 across 20.

So a $350K–$500K budget usually sits below the typical detached sale and above the typical condo. That is a comparison of this budget with the medians above, not a claim about any street or neighborhood, and no townhouse median was printed. Your agent can pull what is actually on the market.

Is the $350K–$500K band competitive?

It sells quickly, but not at the top of the market. Median days on market in this band was 7.5, and the $500K–$750K band was faster at 5.5. Both are quick next to the 39 and 40 days in the bands on either end, which are small samples.

Across all of Midlothian, 38.6% of September sales closed above list price, and 52.6% included seller concessions. Those are all-price-range figures. This band’s months of supply, 3.5, was the highest of the four, so buyers here have more breathing room than the speed suggests.

What should a buyer in this range do?

My advice, as interpretation. Separate listings into two groups: fresh, well-priced homes, where you should be ready to move within days, and homes that have been listed for weeks, where there is time to negotiate. With 204 active listings, you do not have to chase every new one.

Get pre-approved before touring, and ask your agent what comparable homes closed with, including concessions, because list price is only the opening line. Our buyer page explains how we work with buyers, and our post on seller concessions covers the ask.

How does $230.81 per square foot help?

Price per square foot is a rough yardstick, not a valuation. In the $350K–$500K band the median was $230.81, against $207.75 in the $500K–$750K band, which says little about any one home. Use it to compare two houses of similar age, and still look at condition, lot and updates.

What should I do next?

Tell us your budget and must-haves, and we will pull the homes that actually match, with closed sales for comparison. Start on our buyer page or contact us. Daniel Keeton and the Glen Allen office cover Midlothian. For the area picture, read our Midlothian market update.

Source and methodology: Keeton & Co analysis of CVR MLS data, September 2026. Data through October 3, 2026. Prices are medians of closed sales; active listings and months of supply describe homes on the market. See the live Midlothian market page.