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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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|
|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.
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|