Is Medina County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Medina County has remained a Seller's Market.
Key Takeaway
Medina County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medina County, OH
How much do homes in Medina County, OH cost?
Median Sold Price
$320,208
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Medina County have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Medina County was $320,208 in May 2024, up 10.4% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.4K | $81.5K | -6.8% |
| 2 Bedrooms | $186.5K | $194.7K | +4.4% |
| 3 Bedrooms | $269.9K | $297.2K | +10.1% |
| 4 Bedrooms | $364.6K | $386.7K | +6.1% |
| 5+ Bedrooms | $537.5K | $520K | -3.3% |
Summary: Medina County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Counties
| Medina County | $290K | $320.2K | +10.4% |
| Wayne County | $214.7K | $229.9K | +7.1% |
| Cuyahoga County | $182K | $190.8K | +4.8% |
| Summit County | $182.3K | $190.9K | +4.7% |
| Lorain County | $215K | $222.4K | +3.5% |
Housing Supply in Medina County, OH
How many homes are available in Medina County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 471 | 537 | +14.0% |
Summary: The Medina County real estate market had 537 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 49 | 55 | +12.2% |
| 3 Bedrooms | 220 | 243 | +10.5% |
| 4 Bedrooms | 168 | 192 | +14.3% |
| 5+ Bedrooms | 32 | 44 | +37.5% |
Summary: The Medina County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 133 | 163 | +22.6% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
82 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina County, you could pay more than the asking price. 50.6% of homes here sold above asking price last month.
Summary: A total of 163 homes were sold or pending in Medina County in May 2024, up by 22.6% month-over-month. Of the 162 sold homes, 33% were sold under asking, 17% were sold at asking, and 51% were sold over asking.
Days on Market for Medina County, OH
How long does it take to sell a home in Medina County, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +30.6% |
Summary: Homes in Medina County had an average of 28 days on market in May 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
114 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medina County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 163 homes were sold in Medina County; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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