Your Local Market Report

Medina, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.


Medina, WA

Thu Jan 17 2019
This week the median list price for Medina, WA is $4,749,500 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has held steady at or around 10. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Medina, WA

Thu Jan 17 2019
This week the median list price for Medina, WA is $4,749,500 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has held steady at or around 10. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Medina market.
Median List Price $4,749,500
Per Square Foot $1,029
Days on Market 164
Price Decreased 30%
Price Increased 0%
Relisted 0%
Inventory 10
Median House Rent $2,750
Most Expensive $35,000,000
Least Expensive $1,988,000
Market Action Index
Slight Seller's Advantage 		36

The market appears to be placing a mildly increasing premium on homes. When list prices and price per square foot increase in tandem, as they’re doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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
$28,250,000 6,800 1 - 2.5 acres 3 3 47 0 0 231
$8,944,400 7,500 0.5 - 1 acre 5 5 0 1 1 140
$3,999,000 4,726 0.25 - 0.5 acre 5 5 5 0 0 74
$2,325,000 2,820 0.25 - 0.5 acre 4 2 40 0 0 226