Your Local Market Report

Medina, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Medina, WA

Tue May 21 2019
This week the median list price for Medina, WA is $5,850,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 25. Click here to stay informed with the Medina market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Medina, WA

Tue May 21 2019
This week the median list price for Medina, WA is $5,850,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has held steady at or around 25. Click here to stay informed with the Medina market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Medina market.
Median List Price $5,850,000
Per Square Foot $1,120
Days on Market 105
Price Decreased 32%
Price Increased 4%
Relisted 20%
Inventory 25
Median House Rent
Most Expensive $28,500,000
Least Expensive $1,650,000
Market Action Index
Slight Seller's Advantage
30

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they’re doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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
$18,250,000 7,875 1 - 2.5 acres 5 6 23 0 0 141
$6,644,400 6,403 0.5 - 1 acre 5 5 2 0 1 86
$5,080,000 4,822 0.25 - 0.5 acre 4 3 41 2 0 36
$2,390,000 2,400 0.25 - 0.5 acre 4 2 56 0 0 152