Is Medina, WA 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 has remained a Seller's Market.
Housing Prices in Medina, WA
How much do homes in Medina, WA cost?
Median Sold Price
$4,002,500
$1,131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Medina was $4,002,500 in April 2024, down 25.3% from last year, and the median price per square foot was $1,131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $2.5M | N/A |
2 Bedrooms | $2.5M | $2.9M | +15.8% |
3 Bedrooms | $4.3M | $4.5M | +4.8% |
4 Bedrooms | $4.9M | $3.8M | -22.4% |
5+ Bedrooms | $5.7M | $5.1M | -10.0% |
Summary: Medina 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 increased by 15.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
Seattle East | $1.0M | $1.1M | +8.9% |
Bellevue | $1.3M | $1.4M | +7.9% |
Clyde Hill | $3.8M | $3.5M | -7.9% |
Medina | $5.3M | $4.0M | -25.3% |
Housing Supply in Medina, WA
How many homes are available in Medina, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 31 | +29.2% |
Summary: The Medina real estate market had 31 homes for sale in April 2024, a 29.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Medina housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Medina in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
109 Days | 5 Days | -95.0% |
Summary: Homes in Medina had an average of 5 days on market in Apr 2024, down by 95% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Medina; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.