Real Estate Market Update for Medina, OH
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 31% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 190-thousand dollars. The number of units sold decreased 24% year-over-year, and decreased 22% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Medina, OH
Area Information for Medina, OH
  • Population: 26,625
  • Median Age: 38.17 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 2,300/sq mi
  • Population Change Since 2000: 12.09%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Itt Technical Institute-strongsville
  • Closest Jr. College: Ohio College Of Massotherapy
  • Median Household Income: $59,864
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $152,000
  • Closest Major Sports Team: Akron Rubberducks
  • Change Avg. Household Income Since 2000: 20.77%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Medina, OH
Median Age: 38.17 Married: 44% Number of Households: 10,411 Households with Children: 3,758
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Medina, OH

      School Name Distance Type Grades School Rating Parent Rating
      Ralph E. Waite Elementary School 1.0 mi Public K-5 4 0
      A. I. Root Middle School 1.3 mi Public 6-8 4 0
      H G Blake Elementary School 1.4 mi Public K-5 4 0
      Ella Canavan Elementary School 1.8 mi Public K-5 4 0
      Heritage Elementary School 2.3 mi Public K-5 4 0
      Evolve Academy 2.6 mi Public 3-11 0 0
      St Francis Xavier School 2.8 mi Catholic K-8 0 0
      Garfield Elementary School 3.0 mi Public K-5 2 0
      Nurtury School 3.0 mi Private PRESCHOOL-K 0 0
      The Nurtury 3.0 mi Private K-K 0 0
      Sidney Fenn Elementary School 3.1 mi Public K-5 5 0
      Claggett Middle School 3.1 mi Public 6-8 4 0
      Small Wonders Childcare Presch 3.2 mi Private K-K 0 0
      Small Wonders Childcare & Preschool 3.2 mi Private K-K 0 0
      Medina High School 3.3 mi Public 9-12 4 3
      Medina County Career Center 3.5 mi Public 11-12 0 0
      Medina Christian Academy 4.0 mi Private PRESCHOOL-9 0 0
      Kids Country 4.1 mi Private K-K 0 0
      Eliza Northrop Elementary School 4.3 mi Public PRESCHOOL-5 3 0
      The Goddard School - Medina 4.8 mi Private PRESCHOOL-K 0 0
      Buckeye Intermediate School 6.3 mi Public 4-6 4 0
      Buckeye Primary School 6.3 mi Public K-3 0 0
      Buckeye High School 6.5 mi Public 9-12 4 4
      Buckeye Junior High School 6.6 mi Public 7-8 5 0
      Highland High School 8.5 mi Public 9-12 5 4
      Granger Elementary School 8.6 mi Public PRESCHOOL-5 5 0
      Highland Middle School 8.7 mi Public 6-8 5 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Medina, OH
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.