$3,669 Closing Credit*
$309,000
2,292 SqFt
4 Beds
•2 Full Baths, 1 Partial
Adam T Bellinski, Listing Office: Russell Real Estate Services
Is Medina City Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Medina City Township has remained a Seller's Market.
Key Takeaway
Medina City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medina City Township, OH
How much do homes in Medina City Township, OH cost?
Median Sold Price
$287,500
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$47,500(+19.8%)
Key Takeaway
Homes in Medina City Township have sold for 19.8% more than they did a year ago.
Summary: The median home sold price in Medina City Township was $287,500 in September 2024, up 19.8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $166.5K | $182K | +9.3% |
| 3 Bedrooms | $240K | $271.5K | +13.1% |
| 4 Bedrooms | $310K | $340K | +9.7% |
| 5+ Bedrooms | $375K | $552.5K | +47.3% |
Summary: Medina City Township 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 increased by 9.3%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 47.3%.
Median Sold Price Compared To Nearby Cities
| Medina City Township | $240K | $287.5K | +19.8% |
| Medina | $333.1K | $349.9K | +5.0% |
| Medina Township | $333.1K | $349.7K | +5.0% |
| York Township | $379K | $390K | +2.9% |
| Montville Township | $465K | $450K | -3.2% |
Housing Supply in Medina City Township, OH
How many homes are available in Medina City Township, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 88 | 83 | -5.7% |
Summary: The Medina City Township real estate market had 83 homes for sale in September 2024, a 5.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 42 | 32 | -23.8% |
| 4 Bedrooms | 31 | 32 | +3.2% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Medina City Township 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 remained the same, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina City Township, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Medina City Township in September 2024, down by 11.5% month-over-month. Of the 22 sold homes, 41% were sold under asking, 23% were sold at asking, and 36% were sold over asking.
Days on Market for Medina City Township, OH
How long does it take to sell a home in Medina City Township, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 21 Days | 25 Days | +22.0% |
Summary: Homes in Medina City Township had an average of 25 days on market in Sep 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Medina City Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 23 homes were sold in Medina City Township; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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