Your Local Market Report

Medina, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Medina, WA

Fri Apr 23 2021
This week the median list price for Medina, WA is $6,450,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has held steady at or around 9. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Medina, WA

Fri Apr 23 2021
This week the median list price for Medina, WA is $6,450,000 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has held steady at or around 9. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Medina market.
Median List Price $6,450,000
Per Square Foot $1,442
Days on Market 56
Price Decreased 22%
Price Increased 11%
Relisted 33%
Inventory 9
Median Rent
Most Expensive $22,500,000
Least Expensive $1,955,000
Market Action 36
Slight Seller's Advantage

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
$20,650,000 7,405 1 - 2.5 acres 5 6 23 0 0 87
$8,798,500 6,407 0.5 - 1 acre 5 6 2 0 0 28
$6,369,000 4,200 0.25 - 0.5 acre 3 4 28 1 1 101
$3,595,000 4,862 0.25 - 0.5 acre 4 4 31 0 0 133