Medina Real Estate Market Report: October 2023
In October 2023, the median sale price in Medina was $708,500.
- Median Sales Price
- $708,500
- No prior comparison
- Homes for Sale
- 43
- No prior comparison
- Months Supply
- 4.2
- No prior comparison
- Balanced market
- Days on Market
- 9
- No prior comparison
- Closed Sales
- 4
- No prior comparison
- Percent of Original List Received
- 102.7%
- No prior comparison
What this means
The median sale price is currently $708,500.
Homes are averaging 9 days on market, and sellers are receiving 102.7% of their original asking price.
The area is currently a balanced market with 4.2 months of supply. There are currently 43 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Medina market
Is Medina a buyer's or seller's market?
Medina was a balanced market in October 2023, with 4.2 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 43 homes for sale.
How fast are homes selling in Medina?
Homes that sold in October 2023 spent an average of 9 days on market. Sellers received 102.7% of their original list price on average.
Market trends in Medina
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2023 | $775,000 | 9 | 91 | 3.8 |
| October 2023 | $708,500 | 4 | 9 | 4.2 |
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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