Is Medina City Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Medina City Township has remained a Seller's Market.
Housing Prices in Medina City Township, OH
How much do homes in Medina City Township, OH cost?
Median Sold Price
$277,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Medina City Township was $277,500 in April 2024, up 15.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $172.7K | $172K | -0.4% |
3 Bedrooms | $235K | $275K | +17.0% |
4 Bedrooms | $290K | $335K | +15.5% |
5+ Bedrooms | $360K | $436.4K | +21.2% |
Summary: Medina City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
Medina City Township | $240.2K | $277.5K | +15.5% |
Medina | $325K | $340.4K | +4.7% |
Medina Township | $325K | $340K | +4.6% |
York Township | $380K | $390.2K | +2.7% |
Montville Township | $450K | $429K | -4.7% |
Housing Supply in Medina City Township, OH
How many homes are available in Medina City Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 62 | -4.6% |
Summary: The Medina City Township real estate market had 62 homes for sale in April 2024, a 4.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Medina City Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 25 | -19.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Medina City Township in April 2024, down by 19.4% month-over-month. Of the 25 sold homes, 32% were sold under asking, 12% were sold at asking, and 56% were sold over asking.
Days on Market for Medina City Township, OH
How long does it take to sell a home in Medina City Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 20 Days | -34.5% |
Summary: Homes in Medina City Township had an average of 20 days on market in Apr 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Medina City Township; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.