Medina WA Housing Market Trends 2026
Medina WA Housing Market
January 2026 was a Buyer's market! The number of for sale listings was down 8.3% from one year earlier and the same as the previous month. The number of sold listings decreased 75% year over year and decreased 80% month over month. The number of under contract listings was the same compared to previous month and the same compared to previous year. The Months of Inventory based on Closed Sales was 11, up 266.7% from the previous year.
The Average Sold Price per Square Footage was up 23.9% compared to previous month and up 35.3% compared to last year. The Median Sold Price decreased by 15.2% from last month. The Average Sold Price also decreased by 30.1% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a upward trend, an increase of 359.2% compared to previous year. The ratio of Sold Price vs. Original List Price was 82%, a decrease of 15.5% compared to previous year.
Video edited on Kapwing
It was a Buyer's Market
Property Sales (Sold)
January property sales were 1, down 75% from 4 in January of 2025 and 80% lower than the 5 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was lower by 1 units of 8.3%. This year's smaller inventory means that buyers who waited to buy may have smaller selection to choose from. The number of current inventory was the same as the previous month.
Property Under Contract (Pended)
There was the same number of pended properties in January, 2 properties. This month's pended property sales were the same as at this time last year.
All reports are published February 2026, based on data available at the end of January 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 Neutral*
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 January 2026 Average Sold Price per Square Footage of $1,550 was up 23.9% from $1,251 last month and up 35.3% from $1,146 in January of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Upward 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 January 2026 was 225, up 462.5% from 40 days last month and up 359.2% from 49 days in January of last year.
The Sold/Original List Price Ratio was Falling**
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 82% was down 12.8% % from last month and down from 15.5% % in January of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published February 2026, based on data available at the end of January 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 Appreciating*
The Average For Sale Price in January was $14,177,000, up 35.3% from $10,480,000 in January of 2025 and up 8.6% from $13,054,000 last month.
The Average Sold Price was Depreciating*
The Average Sold Price in January was $4,200,000, up 7.3% from $3,913,000 in January of 2025 and down 30.1% from $6,006,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in January was $4,200,000, up 18% from $3,560,000 in January of 2025 and down 15.2% from $4,950,000 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 January 2026 Months of Inventory based on Closed Sales of 11 was increased by 266.7% compared to last year and up 400% compared to last month. January 2026 was Buyer's market.
Months of Inventory based on Pended Sales
The January 2026 Months of Inventory based on Pended Sales of 5.5 was decreased by 8.3% compared to last year and the same compared to last month. January 2026 was Neutral market.
All reports are published February 2026, based on data available at the end of January 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 January 2026 Absorption Rate based on Closed Sales of 9.1 was decreased by 72.6% compared to last year and down 80.1% compared to last month.
Absorption Rate based on Pended Sales
The January 2026 Absorption Rate based on Pended Sales of 18.2 was increased by 9% compared to last year and the same compared to last month.
All reports are published February 2026, based on data available at the end of January 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.
