$5,600,000
5,097 SqFt
5 Beds
•3 Full Baths, 1 Partial
Randall B. Reeves, Listing Office: Windermere Real Estate/East
Is Medina, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Medina was a Seller's Market.
Key Takeaway
Medina is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Medina, WA
How much do homes in Medina, WA cost?
Median Sold Price
$3,995,000
$1,192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$404,999(-9.2%)
Key Takeaway
Homes in Medina have sold for 9.2% less than they did a year ago.
Summary: The median home sold price in Medina was $3,995,000 in October 2024, down 9.2% from last year, and the median price per square foot was $1,192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $2.5M | N/A |
| 2 Bedrooms | $2.9M | - | N/A |
| 3 Bedrooms | $7.5M | $3.3M | -56.4% |
| 4 Bedrooms | $4.3M | $4.0M | -7.3% |
| 5+ Bedrooms | $4.3M | $6.2M | +44.3% |
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 did not change, 3 bedroom homes decreased by 56.4%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 44.3%.
Median Sold Price Compared To Nearby Cities
| Seattle East | $1.1M | $1.2M | +17.9% |
| Bellevue | $1.3M | $1.5M | +14.0% |
| Clyde Hill | $3.7M | $3.8M | +2.0% |
| Medina | $4.3M | $3.9M | -9.2% |
Housing Supply in Medina, WA
How many homes are available in Medina, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Medina real estate market had 23 homes for sale in October 2024, a 4.5% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medina, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Medina in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Medina, WA
How long does it take to sell a home in Medina, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 156 Days | 51 Days | -67.3% |
Summary: Homes in Medina had an average of 51 days on market in Oct 2024, down by 67.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 2 homes were sold in Medina; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.