Is Medina County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Medina County has remained a Seller's Market.
Housing Prices in Medina County, OH
How much do homes in Medina County, OH cost?
Median Sold Price
$319,696
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Medina County was $319,696 in April 2024, up 10.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.4K | - | N/A |
2 Bedrooms | $186K | $191K | +2.6% |
3 Bedrooms | $269.9K | $295K | +9.3% |
4 Bedrooms | $360.8K | $384.9K | +6.7% |
5+ Bedrooms | $527K | $532.5K | +1.1% |
Summary: Medina County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Counties
Medina County | $289.9K | $319.6K | +10.2% |
Wayne County | $211.4K | $230K | +8.8% |
Summit County | $182.1K | $189.8K | +4.2% |
Cuyahoga County | $182.8K | $189.6K | +3.7% |
Lorain County | $215.1K | $219K | +1.8% |
Housing Supply in Medina County, OH
How many homes are available in Medina County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
415 | 437 | +5.3% |
Summary: The Medina County real estate market had 437 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 47 | 45 | -4.3% |
3 Bedrooms | 189 | 201 | +6.3% |
4 Bedrooms | 141 | 160 | +13.5% |
5+ Bedrooms | 37 | 29 | -21.6% |
Summary: The Medina County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 21.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
149 | 132 | -11.4% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Summary: A total of 132 homes were sold or pending in Medina County in April 2024, down by 11.4% month-over-month. Of the 132 sold homes, 36% were sold under asking, 16% were sold at asking, and 48% were sold over asking.
Days on Market for Medina County, OH
How long does it take to sell a home in Medina County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 23 Days | -36.3% |
Summary: Homes in Medina County had an average of 23 days on market in Apr 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 132 homes were sold in Medina County; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.