$4,334 Closing Credit*
$365,000
2,356 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jessica A Chodaczek, Listing Office: LoFaso Real Estate Services
Is Medina Township, 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 Township has remained a Seller's Market.
Key Takeaway
Medina Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medina Township, OH
How much do homes in Medina Township, OH cost?
Median Sold Price
$346,723
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,498(+3.4%)
Key Takeaway
Homes in Medina Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Medina Township was $346,723 in November 2024, up 3.4% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $214.5K | +13.5% |
| 3 Bedrooms | $310.9K | $311.3K | 0.2% |
| 4 Bedrooms | $413.5K | $425K | +2.8% |
| 5+ Bedrooms | $535K | $580K | +8.4% |
Summary: Medina Township 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 13.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Medina City Township | $242.7K | $289.9K | +19.4% |
| Medina | $335.2K | $347.4K | +3.6% |
| Medina Township | $335.2K | $346.7K | +3.4% |
| Montville Township | $439.5K | $451K | +2.6% |
| Granger Township | $507.7K | $478K | -5.9% |
Housing Supply in Medina Township, OH
How many homes are available in Medina Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 222 | 183 | -17.6% |
Summary: The Medina Township real estate market had 183 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 20 | -25.9% |
| 3 Bedrooms | 87 | 67 | -23.0% |
| 4 Bedrooms | 86 | 75 | -12.8% |
| 5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The Medina Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25.9%, 3 bedroom homes decreased by 23%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 43 | -42.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina Township, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in Medina Township in November 2024, down by 42.7% month-over-month. Of the 43 sold homes, 53% were sold under asking, 7% were sold at asking, and 40% were sold over asking.
Days on Market for Medina Township, OH
How long does it take to sell a home in Medina Township, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 37 Days | +56.1% |
Summary: Homes in Medina Township had an average of 37 days on market in Nov 2024, up by 56.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Medina Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 43 homes were sold in Medina Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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