Medina Real Estate Market Report: December 2024
In December 2024, the median sale price in Medina was $924,282, up 8.7% from a year earlier.
- Median Sales Price
- $924,282
- +8.7% vs. December 2023
- Homes for Sale
- 34
- +13.3% vs. December 2023
- Months Supply
- 3.4
- +21.4% vs. December 2023
- Balanced market
- Days on Market
- 78
- +56% vs. December 2023
- Closed Sales
- 8
- +33.3% vs. December 2023
- Percent of Original List Received
- 98.2%
- +5.7 pts vs. December 2023
What this means
The median sale price has increased by 9% from last year to $924,282, 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 28 days longer than last year, averaging 78 days on market, and sellers are receiving 98.2% of their original asking price.
The area is currently a balanced market with 3.4 months of supply. Active inventory is up 13% from last year to 34 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 December 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 34 homes for sale.
How fast are homes selling in Medina?
Homes that sold in December 2024 spent an average of 78 days on market, 28 days slower than a year earlier. Sellers received 98.2% of their original list price on average.
Are home prices going up in Medina?
Yes. The median sale price rose 8.7% year over year to $924,282. Price per square foot moved in the same direction (from $239 to $300), 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 |
| December 2024 | $924,282 | 8 | 78 | 3.4 |
How Medina compares with the Twin Cities region
In December 2024, the median sale price in Twin Cities (16-County Region) was $370,000.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published October 21, 2026.
Report published .
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