Single-Family Homes
Fri Apr 23 2021
This week the median list price for Medina, WA is $6,450,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has held steady at or around 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Median List Price | $6,450,000 | |
Per Square Foot | $1,442 | |
Days on Market | 56 | |
Price Decreased | 22% | |
Price Increased | 11% | |
Relisted | 33% | |
Inventory | 9 | |
Median Rent | ||
Most Expensive | $22,500,000 | |
Least Expensive | $1,955,000 | |
Market Action | 36 | |
Slight Seller's Advantage |
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$20,650,000 | 7,405 | 1 - 2.5 acres | 5 | 6 | 23 | 0 | 0 | 87 |
$8,798,500 | 6,407 | 0.5 - 1 acre | 5 | 6 | 2 | 0 | 0 | 28 |
$6,369,000 | 4,200 | 0.25 - 0.5 acre | 3 | 4 | 28 | 1 | 1 | 101 |
$3,595,000 | 4,862 | 0.25 - 0.5 acre | 4 | 4 | 31 | 0 | 0 | 133 |