Your Local Market Report

Medina, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.


Medina, WA

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. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Medina, WA

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. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Medina market.
Median List Price $5,468,800
Per Square Foot $1,334
Days on Market 168
Price Decreased 33%
Price Increased 0%
Relisted 22%
Inventory 9
Median Rent $3,898
Most Expensive $22,500,000
Least Expensive $2,290,000
Market Action 40
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.

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
$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