Is Medina, OH 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 January 2022

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.

How much do homes in Medina, OH cost?

Median Sold Price

$245,133

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$22,133(+9.9%)

Key Takeaway

Homes in Medina have sold for 9.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $97.5K-
N/A
2 $140K$170K
+21.4%
3 $210K$236K
+12.4%
4 $289K$290K
0.3%
5+ $320.5K$367.5K
+14.7%

Median Sold Price Compared To Nearby Cities

York Township
+22.0%
Medina City Township
+10.0%
Medina
+9.9%
Medina Township
+9.7%
Montville Township
+5.5%

How many homes are available in Medina, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
5542-23.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 1210
-16.7%
3 2414
-41.7%
4 1515
0.0%
5+ 43
-25.0%

Number of Homes Sold

Dec 2022Jan 2023%
3010-66.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Medina, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
15 Days38 Days+142.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Medina has remained consistent over time.

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

About Medina, OH

There are 42 homes are for sale in Medina, OH real estate market. The number of homes for sale in Medina, OH decreased by 23.6% between December 2022 and January 2023. While the average time on the market in January 2023 was 38 days, the median list price was $245,133. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 21.4%, 3 bedrooms properties became 12.4% more expensive, the cost of 4 bedrooms properties went up by 0.3%, prices of 5 bedrooms properties increased by 14.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 16.7%, 3 bedrooms homes inventory decreased by 41.7%, 4 bedrooms homes did not move, the quantity of 5 bedrooms homes went down by 25%. While more than 3 listings in Medina, OH in January 2023 were sold above asking price, there were more than 0 listings sold at asking price, and more than 7 were sold below.

Related Housing Market Reports