Medina Real Estate Market Report: November 2024
In November 2024, the median sale price in Medina was $924,665, up 42.6% from a year earlier.
- Median Sales Price
- $924,665
- +42.6% vs. November 2023
- Homes for Sale
- 36
- -10% vs. November 2023
- Months Supply
- 3.4
- -12.8% vs. November 2023
- Balanced market
- Days on Market
- 53
- +43.2% vs. November 2023
- Closed Sales
- 9
- -25% vs. November 2023
- Percent of Original List Received
- 95.6%
- -0.3 pts vs. November 2023
What this means
The median sale price has increased by 43% from last year to $924,665, 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 16 days longer than last year, averaging 53 days on market, and sellers are receiving 95.6% of their original asking price.
The area is currently a balanced market with 3.4 months of supply. Active inventory is down 10% from last year to 36 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 2024, with 3.4 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 36 homes for sale.
How fast are homes selling in Medina?
Homes that sold in November 2024 spent an average of 53 days on market, 16 days slower than a year earlier. Sellers received 95.6% of their original list price on average.
Are home prices going up in Medina?
Yes. The median sale price rose 42.6% year over year to $924,665. Price per square foot moved in the same direction (from $269 to $304), 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 |
| October 2024 | $1,100,000 | 12 | 58 | 3.6 |
| November 2024 | $924,665 | 9 | 53 | 3.4 |
How Medina compares with the Twin Cities region
In November 2024, the median sale price in Twin Cities (16-County Region) was $376,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
Get the Medina market report every month
We will email you the monthly numbers and what they mean for buyers and sellers.