$3,146 Closing Credit*
$264,900
1,730 SqFt
3 Beds
•1 Full Bath
Rex A Malson, Listing Office: EXP Realty, LLC.
Is Medina Township, 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 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
$348,520
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,170(+4.2%)
Key Takeaway
Homes in Medina Township have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Medina Township was $348,520 in October 2024, up 4.2% 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 | $310K | +1.3% |
| 4 Bedrooms | $409.5K | $425K | +3.8% |
| 5+ Bedrooms | $530K | $581.5K | +9.7% |
Summary: Medina Township 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 1.3%, 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% |
| Medina | $334.1K | $349K | +4.5% |
| Medina Township | $334.3K | $348.5K | +4.2% |
| Montville Township | $465K | $451.2K | -3.0% |
| Granger Township | $507.7K | $476.5K | -6.2% |
Housing Supply in Medina Township, OH
How many homes are available in Medina Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 226 | 218 | -3.5% |
Summary: The Medina Township 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 Township 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 Township, 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 Township 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 Township, OH
How long does it take to sell a home in Medina Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 47 Days | +160.7% |
Summary: Homes in Medina Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 69 homes were sold in Medina Township; 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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