Medina WA Housing Market Trends 2026
Medina WA Housing Market
April 2026 was a Buyer's market! The number of for sale listings was up 33.3% from one year earlier and up 7.7% from the previous month. The number of sold listings increased 100% year over year and increased 100% month over month. The number of under contract listings was down 40% compared to previous month. The Months of Inventory based on Closed Sales was 7, down 33.3% from the previous year.
The Average Sold Price per Square Footage was down 12.6% compared to previous month and down 4.4% compared to last year. The Median Sold Price decreased by 25.5% from last month. The Average Sold Price also decreased by 18% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a neutral trend. The ratio of Sold Price vs. Original List Price was 94%, a decrease of 6% compared to previous year.
Video edited on Kapwing
It was a Buyer's Market
Property Sales (Sold)
April property sales were 4, up 100% from 2 in April of 2025 and 100% higher than the 2 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 7 units of 33.3%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was up 7.7% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 40% in the pended properties in April, with 3 properties versus 5 last month. This month's pended property sales were the same as at this time last year.
All reports are published May 2026, based on data available at the end of April 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Depreciating*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The April 2026 Average Sold Price per Square Footage of $1,150 was down 12.6% from $1,316 last month and down 4.4% from $1,203 in April of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for April 2026 was 22, down 52.2% from 46 days last month.
The Sold/Original List Price Ratio Remains Steady**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 94% was down 5.1% % from last month and down from 6% % in April of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published May 2026, based on data available at the end of April 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Depreciating*
The Average For Sale Price in April was $8,306,000, down 11.9% from $9,432,000 in April of 2025 and down 18.7% from $10,213,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in April was $5,106,000, down 14.8% from $5,995,000 in April of 2025 and down 18% from $6,228,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in April was $4,637,000, down 22.7% from $5,995,000 in April of 2025 and down 25.5% from $6,228,000 last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Buyer's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s Market: More than 6 months of inventory
Seller’s Market: Less than 3 months of inventory
Neutral Market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The April 2026 Months of Inventory based on Closed Sales of 7 was decreased by 33.3% compared to last year and down 46.2% compared to last month. April 2026 was Buyer's market.
Months of Inventory based on Pended Sales
The April 2026 Months of Inventory based on Pended Sales of 9.3 was decreased by 55.7% compared to last year and up 78.8% compared to last month. April 2026 was Buyer's market.
All reports are published May 2026, based on data available at the end of April 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Buyer's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The April 2026 Absorption Rate based on Closed Sales of 14.3 was increased by 50.4% compared to last year and up 85.8% compared to last month.
Absorption Rate based on Pended Sales
The April 2026 Absorption Rate based on Pended Sales of 10.7 was down 44.2% compared to last month.
All reports are published May 2026, based on data available at the end of April 2026, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
