Is Medina, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $97.5K | - | N/A |
| 2 Bedrooms | $140K | $170K | +21.4% |
| 3 Bedrooms | $210K | $236K | +12.4% |
| 4 Bedrooms | $289K | $290K | 0.3% |
| 5+ Bedrooms | $320.5K | $367.5K | +14.7% |
Median Sold Price Compared To Nearby Cities
| York Township | $315.5K | $384.9K | +22.0% |
| Medina City Township | $222.6K | $245K | +10.0% |
| Medina | $223K | $245.1K | +9.9% |
| Medina Township | $310K | $340K | +9.7% |
| Montville Township | $401K | $423K | +5.5% |
How many homes are available in Medina, OH?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 55 | 42 | -23.6% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 24 | 14 | -41.7% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 30 | 10 | -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
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 2022 | Jan 2023 | % |
|---|---|---|
| 15 Days | 38 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
Key Takeaway
Avg time on Rocket Homes in Medina has remained consistent over time.
