Medina Real Estate Market Report: November 2023
In November 2023, the median sale price in Medina was $648,500.
- Median Sales Price
- $648,500
- No prior comparison
- Homes for Sale
- 40
- No prior comparison
- Months Supply
- 3.9
- No prior comparison
- Balanced market
- Days on Market
- 37
- No prior comparison
- Closed Sales
- 12
- No prior comparison
- Percent of Original List Received
- 95.9%
- No prior comparison
What this means
The median sale price is currently $648,500.
Homes are averaging 37 days on market, and sellers are receiving 95.9% of their original asking price.
The area is currently a balanced market with 3.9 months of supply. There are currently 40 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 November 2023, with 3.9 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 40 homes for sale.
How fast are homes selling in Medina?
Homes that sold in November 2023 spent an average of 37 days on market. Sellers received 95.9% 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 |
| November 2023 | $648,500 | 12 | 37 | 3.9 |
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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