Your Local Market Report
Medina, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Medina, WA
Fri Nov 22 2019
This week the median list price for Medina, WA is $5,409,400 with the market action index hovering around 30. This is an increase over last month's market action index of 26. Inventory has held steady at or around 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $5,409,400 | |
| Per Square Foot | $1,071 | |
| Days on Market | 151 | |
| Price Decreased | 44% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 18 | |
| Median Rent | $8,500 | |
| Most Expensive | $25,500,000 | |
| Least Expensive | $2,200,000 | |
| Market Action | 30 | |
| Slight Seller's Advantage | ||
In a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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 |
|---|---|---|---|---|---|---|---|---|
| $18,950,000 | 7,885 | 1 - 2.5 acres | 4 | 4 | 27 | 0 | 0 | 231 |
| $7,794,000 | 6,921 | 0.5 - 1 acre | 6 | 6 | 2 | 0 | 0 | 297 |
| $4,600,000 | 5,310 | 0.25 - 0.5 acre | 5 | 5 | 11 | 0 | 0 | 89 |
| $2,400,000 | 3,180 | 0.5 - 1 acre | 3 | 3 | 51 | 1 | 2 | 30 |