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.

How much do homes in Medina, TN cost?

Median Sold Price

$444,900

$164/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

+$149,900(+50.8%)

Key Takeaway

Homes in Medina have sold for 50.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 --
N/A
3 $295K-
N/A
4 --
N/A
5+ -$444.9K
N/A

Median Sold Price Compared To Nearby Cities

Medina
+50.8%
Medina
+50.8%

How many homes are available in Medina, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
54-20.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 22
0.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Average Sale Time

Sep 2022Oct 2022%
22 Days177 Days+704.5%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Medina are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Medina, TN

Homes for sale in Medina, TN have reached 4. The number of listings in Medina, TN decreased by 20% between September 2022 and October 2022. Listings spent 177 days on the market in October 2022, and had a median list price of $444,900 during the same period. Listing prices have changed in this real estate market between October 2021 and October 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 0%, the cost of 3 bedrooms properties went up by 0%, prices of 4 bedrooms properties increased by 0%, prices of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 50% less available, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. In October 2022, from all listings sold in Medina, TN there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.