Your Local Market Report
Medina, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Medina, WA
Mon Nov 19 2018
This week the median list price for Medina, WA is $5,244,500 with the market action index hovering around 31. This is an increase over last month's market action index of 27. Inventory has held steady at or around 16.
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 has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $5,244,500 | |
| Per Square Foot | $857 | |
| Days on Market | 132 | |
| Price Decreased | 38% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 16 | |
| Median House Rent | $6,000 | |
| Most Expensive | $35,000,000 | |
| Least Expensive | $1,998,000 | |
|
Market Action Index
Slight Seller's Advantage |
31 |
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for 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 |
|---|---|---|---|---|---|---|---|---|
| $17,150,000 | 7,875 | 1 - 2.5 acres | 4 | 4 | 24 | 0 | 0 | 185 |
| $6,944,000 | 7,817 | 0.5 - 1 acre | 6 | 6 | 0 | 0 | 1 | 70 |
| $3,021,500 | 4,091 | 0.25 - 0.5 acre | 4 | 4 | 8 | 0 | 0 | 201 |
| $2,187,475 | 2,920 | 0.25 - 0.5 acre | 3 | 2 | 51 | 1 | 2 | 71 |