Is Medina, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Medina was a Seller's Market.
Housing Prices in Medina, WA
How much do homes in Medina, WA cost?
Median Sold Price
$4,085,000
$1,152/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Medina was $4,085,000 in June 2024, down 15.2% from last year, and the median price per square foot was $1,152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $2.5M | N/A |
2 Bedrooms | - | $2.9M | N/A |
3 Bedrooms | $5.4M | $3.6M | -33.9% |
4 Bedrooms | $4.2M | $4.0M | -3.8% |
5+ Bedrooms | $5.6M | $6.2M | +12.1% |
Summary: Medina housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 33.9%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
Seattle East | $1.0M | $1.2M | +13.9% |
Bellevue | $1.3M | $1.4M | +12.5% |
Clyde Hill | $3.8M | $3.7M | -1.0% |
Medina | $4.8M | $4.0M | -15.2% |
Housing Supply in Medina, WA
How many homes are available in Medina, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
26 | 26 | 0.0% |
Summary: The Medina real estate market had 26 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 1 | -66.7% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Medina housing inventory by bedroom type for June 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 66.7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Medina in June 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Medina, WA
How long does it take to sell a home in Medina, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 54 Days | +125.0% |
Summary: Homes in Medina had an average of 54 days on market in Jun 2024, up by 125% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 3 homes were sold in Medina; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.