$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 Last Month
Since last month, Medina has remained a Buyer'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
$5,925,000
$1,185/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$787,500(+15.3%)
Key Takeaway
Homes in Medina have sold for 15.3% more than they did a month ago.
Summary: The median home sold price in Medina was $5,925,000 in November 2024, up 15.3% from last month, and the median price per square foot was $1,185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $5.3M | - | N/A |
| 4 Bedrooms | $4.9M | $5.9M | +20.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Medina housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Medina | $5.1M | $5.9M | +15.3% |
| Clyde Hill | $3.6M | $3.0M | -15.8% |
Housing Supply in Medina, WA
How many homes are available in Medina, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Medina real estate market had 18 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Medina 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Medina in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 122 Days | +139.2% |
Summary: Homes in Medina had an average of 122 days on market in Nov 2024, up by 139.2% compared to last month.
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 November 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.