Fri Feb 28 2020
This week the median list price for Medina, WA is $5,049,400 with the market action index hovering around 24. This is less than last month's market action index of 29. Inventory has held steady at or around 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$5,049,400|
|Per Square Foot||$1,023|
|Days on Market||163|
|Slight Buyer's Advantage|
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$18,950,000||7,885||1 - 2.5 acres||4||5||20||1||0||281|
|$7,225,000||6,002||0.5 - 1 acre||5||5||19||0||2||199|
|$4,600,000||5,232||0.25 - 0.5 acre||5||5||12||1||0||107|
|$2,388,000||2,480||0.5 - 1 acre||4||2||65||2||0||95|