Your Local Market Report

Medina, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Medina, WA

Mon Nov 19 2018
This week the median list price for Medina, WA is $5,244,500 with the market action index hovering around 31. This is an increase over last month's market action index of 27. Inventory has held steady at or around 16. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Medina, WA

Mon Nov 19 2018
This week the median list price for Medina, WA is $5,244,500 with the market action index hovering around 31. This is an increase over last month's market action index of 27. Inventory has held steady at or around 16. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Medina market.
Median List Price $5,244,500
Per Square Foot $857
Days on Market 132
Price Decreased 38%
Price Increased 0%
Relisted 13%
Inventory 16
Median House Rent $6,000
Most Expensive $35,000,000
Least Expensive $1,998,000
Market Action Index
Slight Seller's Advantage
31

This is a market where watching the value metrics (like price per square foot) can provide insight that you don’t get at first glance. We can see that home prices are rising somewhat, the price per square foot of homes listed has been declining. Often this can be attributed to new and remodeled homes on the market. Prices in the area are trending higher but buyers are getting more for their money.

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
$17,150,000 7,875 1 - 2.5 acres 4 4 24 0 0 185
$6,944,000 7,817 0.5 - 1 acre 6 6 0 0 1 70
$3,021,500 4,091 0.25 - 0.5 acre 4 4 8 0 0 201
$2,187,475 2,920 0.25 - 0.5 acre 3 2 51 1 2 71