Medina, WA Real Estate Update

If you are looking to list or purchase Medina, WA homes for sale, being aware of the current market conditions can make a big impact on your success. As a seller, you will get a good idea of what to list at while as a buyer, you get a good idea of what you’ll spend. Of course, choosing a qualified Medina, WA realtor also makes a difference as an experienced one can help guide you from start to finish. With how competitive the current market is, it is more important than ever to work with a long time, local Median, WA realtor.  So how is Medina, WA real estate doing? Let’s take a look!

The good news for sellers is that the median and average sold prices for Medina, WA homes for sale are UP! The median sold price is up 11.9% compared to this time last year at $2,285,000. The average is down 7.3% at $2,914,877. Interestingly, these are both down compared to last month.The average price per square foot is also down 12.2% at $690. The new listings have seen no change compared to this time last year while Medina, WA homes for sale have gone up 33.3%. Pending sales have seen a 20% decrease while closed sales have seen a 66.7% increase. The average days on market is down 48% compared to this time last year to 64 days while the median days on market are up to (wait for it: 583%) at 41. The month supply is also up 31.6% and is now at a 2.5. A balanced market needs 6 months while anything less than 4 is considered a seller’s market. This month’s Medina, WA real estate report is definitely an interesting one, if not conflicting. We will see what next month brings, but in the meantime, feel free to let me know if you have any questions. I would be happy to help!

Posted on December 5, 2017 at 5:09 am
Britt Wibmer | Category: Britts Picks

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