Your Local Market Report

Medina, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.


Medina, WA

Mon Mar 25 2019
This week the median list price for Medina, WA is $5,758,400 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 14. Click here to stay informed with the Medina market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Medina, WA

Mon Mar 25 2019
This week the median list price for Medina, WA is $5,758,400 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 14. Click here to stay informed with the Medina market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Medina market.
Median List Price $5,758,400
Per Square Foot $1,026
Days on Market 84
Price Decreased 14%
Price Increased 7%
Relisted 7%
Inventory 14
Median House Rent $2,490
Most Expensive $35,000,000
Least Expensive $2,000,000
Market Action Index
Slight Seller's Advantage 		31

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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
$21,500,000 5,485 1 - 2.5 acres 4 4 19 0 0 128
$6,900,000 6,838 0.5 - 1 acre 7 7 0 0 0 44
$5,308,400 5,676 0.25 - 0.5 acre 5 5 2 0 0 64
$2,788,500 3,050 0.25 - 0.5 acre 3 2 29 0 3 99