Your Local Market Report
Medina, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Medina, WA
Sat Jul 31 2021
This week the median list price for Medina, WA is $5,869,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has decreased to 8.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.
Real-Time Market Profile
| Median List Price | $5,869,000 | |
| Median Price of New Listings | $3,475,000 | |
| Per Square Foot | $1,401 | |
| Average Days on Market | 132 | |
| Median Days on Market | 88 | |
| Price Decreased | 38% | |
| Price Increased | 25% | |
| Relisted | 13% | |
| Inventory | 8 | |
| Median Rent | ||
| Market Action | 45 | |
| Strong Seller's Market | ||
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $19,225,000 | 7,405 | 1 - 2.5 acres | 5 | 6 | 23 | 0 | 0 | 185 |
| $10,144,000 | 5,965 | 0.5 - 1 acre | 4 | 3 | 57 | 0 | 0 | 168 |
| $4,962,500 | 4,177 | 0.5 - 1 acre | 3 | 3 | 43 | 0 | 1 | 42 |
| $2,937,500 | 3,187 | 0.25 - 0.5 acre | 4 | 2 | 63 | 1 | 1 | 133 |