Medina, WA real estate is a sought after community located near Bellevue, WA. As a Bellevue, WA realtor that specializes in this area, I keep a close eye on the Medina, WA real estate market statistics. Each month, the NWMLS releases statistics for each neighborhood for the prior month. Medina, WA real estate saw some very positive notes in the categories that Medina, WA realtors follow. Which is not shocking considering that inventory is low and buyer demand is especially high as home prices and interest rates continue to increase.
The average price for Medina, WA real estate in this neighborhood saw an increase of 16.1% compared to this time last year. This means the average home price is $2,794,801. The median home price is now $2,350,000 which is up 20.7%. This is a pretty decent increase which means the value of your home has gone up in just a year. New Medina, WA real estate listings increased 13.3%. Although, don’t get too excited as this neighborhood is still a sellers market with 2.9 Month Supply. This confirms that sellers have control of the market. The days on the market has also decreased to just 13, which means that homes are going from “just listed” to “pending” in two weeks. If you are looking to sell your Medina, WA real estate quickly, this is a great time to put it on the market. The percentage of list price has had a slight increase at 1.1%.
If you are thinking of listing your Medina, WA home for sale, I would be happy to discuss the current market conditions further as well as differentiate my business. In the meantime, stay tuned for April’s stats as they will be released soon.