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. Click here to stay informed with the Medina market!

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.

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. Click here to stay informed with the Medina market!

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

Never miss important changes in the Medina market.
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

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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