Medina Real Estate Market Report: September 2024
In September 2024, the median sale price in Medina was $1,200,000, up 54.8% from a year earlier.
- Median Sales Price
- $1,200,000
- +54.8% vs. September 2023
- Homes for Sale
- 40
- +2.6% vs. September 2023
- Months Supply
- 4
- +5.3% vs. September 2023
- Balanced market
- Days on Market
- 50
- -45.1% vs. September 2023
- Closed Sales
- 8
- -11.1% vs. September 2023
- Percent of Original List Received
- 96.7%
- +1.3 pts vs. September 2023
What this means
The median sale price has increased by 55% from last year to $1,200,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 41 days more quickly than last year, averaging 50 days on market, and sellers are receiving 96.7% of their original asking price.
The area is currently a balanced market with 4 months of supply. Active inventory is up 3% from last year to 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 September 2024, with 4 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 September 2024 spent an average of 50 days on market, 41 days faster than a year earlier. Sellers received 96.7% of their original list price on average.
Are home prices going up in Medina?
Yes. The median sale price rose 54.8% year over year to $1,200,000. Price per square foot moved in the same direction (from $223 to $274), which suggests a real change in values rather than a shift in the mix of homes sold.
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 |
| December 2023 | $850,000 | 6 | 50 | 2.8 |
| January 2024 | $650,000 | 11 | 60 | 3.3 |
| February 2024 | $931,250 | 8 | 52 | 3.6 |
| March 2024 | $799,950 | 8 | 96 | 3.6 |
| April 2024 | $575,000 | 6 | 47 | 4.4 |
| May 2024 | $1,348,767 | 16 | 109 | 3.9 |
| June 2024 | $915,000 | 15 | 25 | 4.7 |
| July 2024 | $735,000 | 7 | 22 | 4.8 |
| August 2024 | $986,120 | 12 | 74 | 4.9 |
| September 2024 | $1,200,000 | 8 | 50 | 4 |
How Medina compares with the Twin Cities region
In September 2024, the median sale price in Twin Cities (16-County Region) was $379,999.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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