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.
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
| 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 |
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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 |