Is Medina, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Medina is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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.

Housing Prices in Medina, TN

How much do homes in Medina, TN cost?

Median Sold Price

$212,500

$117/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$52,500(-19.8%)

Key Takeaway

Homes in Medina have sold for 19.8% less than they did a month ago.

Summary: The median home sold price in Medina was $212,500 in May 2024, down 19.8% from last month, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$40K
N/A
3 $265K-
N/A
4 -$385K
N/A
5+ --
N/A

Summary: Medina housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Medina
-19.8%
Medina
-19.8%

Housing Supply in Medina, TN

How many homes are available in Medina, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
54-20.0%

Summary: The Medina real estate market had 4 homes for sale in May 2024, a 20.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Medina housing inventory by bedroom type for May 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Medina, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Medina in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Medina, TN

How long does it take to sell a home in Medina, TN?

Average Sale Time

Apr 2024May 2024CHANGE
5 Days29 Days+490.0%

Summary: Homes in Medina had an average of 29 days on market in May 2024, up by 490% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Medina are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Medina; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Medina, TN

Nearby Markets to Medina, TN