Is Medina, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Medina is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Medina has remained a Seller's Market.

Key Takeaway

Medina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Medina, NY

How much do homes in Medina, NY cost?

Median Sold Price

$152,319

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,569(+11.4%)

Key Takeaway

Homes in Medina have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Medina was $152,319 in September 2024, up 11.4% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $98.5K-
N/A
2 $102.5K$100.4K
-2.0%
3 $135K$156K
+15.6%
4 $158.5K$186.5K
+17.7%
5+ $143.5K$129.5K
-9.8%

Summary: Medina housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Cities

Ridgeway
+18.9%
Medina
+11.4%
Shelby
-13.5%

Housing Supply in Medina, NY

How many homes are available in Medina, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4835-27.1%

Summary: The Medina real estate market had 35 homes for sale in September 2024, a 27.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2920
-31.0%
4 139
-30.8%
5+ 12
+100.0%

Summary: The Medina housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 31%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
167-56.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Medina, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Medina in September 2024, down by 56.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Medina, NY

How long does it take to sell a home in Medina, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days9 Days-38.5%

Summary: Homes in Medina had an average of 9 days on market in Sep 2024, down by 38.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Medina are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Medina; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Medina, NY

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