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 March 2023
Since last year, Medina City Township has remained a Seller's Market.
Housing Prices in Medina City Township, OH
How much do homes in Medina City Township, OH cost?
Median Sold Price
$265,333
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Medina City Township was $265,333 in March 2024, up 8.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $171.7K | $172K | 0.1% |
3 Bedrooms | $236K | $260K | +10.2% |
4 Bedrooms | $292.5K | $330K | +12.8% |
5+ Bedrooms | $360K | $436.4K | +21.2% |
Summary: Medina City Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
Medina City Township | $244.8K | $265.3K | +8.4% |
Medina | $325K | $335.2K | +3.1% |
Medina Township | $325K | $335K | +3.1% |
York Township | $384.9K | $387.9K | +0.8% |
Montville Township | $442.5K | $425.7K | -3.8% |
Housing Supply in Medina City Township, OH
How many homes are available in Medina City Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 60 | +1.7% |
Summary: The Medina City Township real estate market had 60 homes for sale in March 2024, a 1.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Medina City Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 30 | +87.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Medina City Township in March 2024, up by 87.5% month-over-month. Of the 30 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -2.9% |
Summary: Homes in Medina City Township had an average of 24 days on market in Mar 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Medina City Township; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.