Is Medina, 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 has remained a Seller's Market.
Housing Prices in Medina, OH
How much do homes in Medina, OH cost?
Median Sold Price
$335,200
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Medina was $335,200 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 | $384.9K | $400K | +3.9% |
5+ Bedrooms | $535K | $634.9K | +18.7% |
Summary: Medina 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 3.9%, 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 | $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, OH
How many homes are available in Medina, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
145 | 158 | +9.0% |
Summary: The Medina real estate market had 158 homes for sale in March 2024, a 9.0% 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 | 55 | 67 | +21.8% |
4 Bedrooms | 58 | 62 | +6.9% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Medina 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 21.8%, 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 | 55 | +17.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Medina in March 2024, up by 17.0% month-over-month. Of the 55 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Medina, OH
How long does it take to sell a home in Medina, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 44 Days | +48.9% |
Summary: Homes in Medina had an average of 44 days on market in Mar 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 55 homes were sold in Medina; 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.