Is Medina 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 Township has remained a Seller's Market.
Key Takeaway
Medina Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medina Township, OH
How much do homes in Medina Township, OH cost?
Median Sold Price
$335,040
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Medina Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Medina Township was $335,040 in March 2024, up 3.1% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $190.9K | -0.8% |
| 3 Bedrooms | $291.7K | $320K | +9.7% |
| 4 Bedrooms | $383.6K | $400K | +4.3% |
| 5+ Bedrooms | $535K | $634.9K | +18.7% |
Summary: Medina 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 decreased by 0.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Medina City Township | $244.8K | $265.3K | +8.4% |
| Medina Township | $325K | $335K | +3.1% |
| Medina | $325K | $335.2K | +3.1% |
| Granger Township | $485K | $492.5K | +1.5% |
| Montville Township | $442.5K | $425.7K | -3.8% |
Housing Supply in Medina Township, OH
How many homes are available in Medina Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 146 | 159 | +8.9% |
Summary: The Medina Township real estate market had 159 homes for sale in March 2024, a 8.9% 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 | 17 | 15 | -11.8% |
| 3 Bedrooms | 56 | 68 | +21.4% |
| 4 Bedrooms | 58 | 62 | +6.9% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Medina 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 11.8%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 56 | +19.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina Township, you could pay more than the asking price. 41.1% of homes here sold above asking price last month.
Summary: A total of 56 homes were sold or pending in Medina Township in March 2024, up by 19.1% month-over-month. Of the 56 sold homes, 39% were sold under asking, 20% were sold at asking, and 41% were sold over asking.
Days on Market for Medina Township, OH
How long does it take to sell a home in Medina Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 44 Days | +46.5% |
Summary: Homes in Medina Township had an average of 44 days on market in Mar 2024, up by 46.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medina Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 56 homes were sold in Medina Township; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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