$2,849 Closing Credit*
$239,900
768 SqFt
2 Beds
•1 Full Bath
Landen Barr, Listing Office: EXP Realty, LLC.
Is Medina County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$324,915
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,861(+6.5%)
Key Takeaway
Homes in Medina County have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Medina County was $324,915 in November 2024, up 6.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $88K | N/A |
| 2 Bedrooms | $187K | $198.5K | +6.2% |
| 3 Bedrooms | $276.7K | $300K | +8.4% |
| 4 Bedrooms | $378.9K | $400K | +5.6% |
| 5+ Bedrooms | $519K | $550K | +6.0% |
Summary: Medina County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Counties
| Wayne County | $215K | $235K | +9.3% |
| Lorain County | $214K | $233.6K | +9.1% |
| Summit County | $184.8K | $201.4K | +9.0% |
| Medina County | $305K | $324.9K | +6.5% |
| Cuyahoga County | $186.7K | $197.5K | +5.8% |
Housing Supply in Medina County, OH
How many homes are available in Medina County, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 573 | 478 | -16.6% |
Summary: The Medina County real estate market had 478 homes for sale in November 2024, a 16.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 76 | 60 | -21.1% |
| 3 Bedrooms | 264 | 217 | -17.8% |
| 4 Bedrooms | 191 | 161 | -15.7% |
| 5+ Bedrooms | 41 | 38 | -7.3% |
Summary: The Medina County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 7.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 198 | 127 | -35.9% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina County, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in Medina County in November 2024, down by 35.9% month-over-month. Of the 127 sold homes, 48% were sold under asking, 16% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 32 Days | +26.0% |
Summary: Homes in Medina County had an average of 32 days on market in Nov 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
10 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 November 2024, 127 homes were sold in Medina County; 61% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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