Your Local Market Report
Medina, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Medina, WA
Fri Feb 28 2020
This week the median list price for Medina, WA is $5,049,400 with the market action index hovering around 24. This is less than last month's market action index of 29. Inventory has held steady at or around 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $5,049,400 | |
| Per Square Foot | $1,023 | |
| Days on Market | 163 | |
| Price Decreased | 22% | |
| Price Increased | 6% | |
| Relisted | 6% | |
| Inventory | 18 | |
| Median Rent | $1,800 | |
| Most Expensive | $25,500,000 | |
| Least Expensive | $1,550,000 | |
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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 |
|---|---|---|---|---|---|---|---|---|
| $18,950,000 | 7,885 | 1 - 2.5 acres | 4 | 5 | 20 | 1 | 0 | 281 |
| $7,225,000 | 6,002 | 0.5 - 1 acre | 5 | 5 | 19 | 0 | 2 | 199 |
| $4,600,000 | 5,232 | 0.25 - 0.5 acre | 5 | 5 | 12 | 1 | 0 | 107 |
| $2,388,000 | 2,480 | 0.5 - 1 acre | 4 | 2 | 65 | 2 | 0 | 95 |