Is Medina, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Medina was a Seller's Market.
Housing Prices in Medina, MN
How much do homes in Medina, MN cost?
Median Sold Price
$798,990
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Medina was $798,990 in April 2024, down 1.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $567K | N/A |
2 Bedrooms | $295K | $357.5K | +21.2% |
3 Bedrooms | $464.5K | $484.5K | +4.3% |
4 Bedrooms | $775K | $737K | -4.9% |
5+ Bedrooms | $1.0M | $995K | -2.2% |
Summary: Medina housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in Medina, MN
How many homes are available in Medina, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 57 | +32.6% |
Summary: The Medina real estate market had 57 homes for sale in April 2024, a 32.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 17 | 27 | +58.8% |
Summary: The Medina housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 58.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Medina in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Medina, MN
How long does it take to sell a home in Medina, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 44 Days | -31.6% |
Summary: Homes in Medina had an average of 44 days on market in Apr 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Medina; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.