Tue Jan 19 2021
This week the median list price for Medina, WA is $5,468,800 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has held steady at or around 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$5,468,800|
|Per Square Foot||$1,334|
|Days on Market||168|
|Slight Seller's Advantage|
The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$21,000,000||9,183||1 - 2.5 acres||4||6||20||0||0||140|
|$7,338,000||5,040||0.5 - 1 acre||4||4||34||0||0||301|
|$4,909,400||4,292||0.25 - 0.5 acre||4||4||11||0||0||192|
|$3,695,000||4,201||0.5 - 1 acre||4||3||59||0||0||81|