$3,146 Closing Credit*
$264,900
1,730 SqFt
3 Beds
•1 Full Bath
Rex A Malson, Listing Office: EXP Realty, LLC.
Is Medina, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 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.
Housing Prices in Medina, OH
How much do homes in Medina, OH cost?
Median Sold Price
$349,094
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,948(+4.5%)
Key Takeaway
Homes in Medina have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Medina was $349,094 in October 2024, up 4.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $181K | $215K | +18.8% |
| 3 Bedrooms | $306K | $310.5K | +1.5% |
| 4 Bedrooms | $409.5K | $425K | +3.8% |
| 5+ Bedrooms | $530K | $581.5K | +9.7% |
Summary: Medina housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Medina City Township | $245K | $286.6K | +17.0% |
| York Township | $380K | $425K | +11.8% |
| Medina | $334.1K | $349K | +4.5% |
| Medina Township | $334.3K | $348.5K | +4.2% |
| Montville Township | $465K | $451.2K | -3.0% |
Housing Supply in Medina, OH
How many homes are available in Medina, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 226 | 218 | -3.5% |
Summary: The Medina real estate market had 218 homes for sale in October 2024, a 3.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 25 | -10.7% |
| 3 Bedrooms | 92 | 89 | -3.3% |
| 4 Bedrooms | 85 | 84 | -1.2% |
| 5+ Bedrooms | 21 | 20 | -4.8% |
Summary: The Medina housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 69 | +11.3% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina, you may be able to get a good deal. 58% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Medina in October 2024, up by 11.3% month-over-month. Of the 69 sold homes, 58% were sold under asking, 20% were sold at asking, and 22% were sold over asking.
Days on Market for Medina, OH
How long does it take to sell a home in Medina, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 47 Days | +160.7% |
Summary: Homes in Medina had an average of 47 days on market in Oct 2024, up by 160.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medina are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 69 homes were sold in Medina; 49% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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