Property prices for sale in Medina (Ohio)
The prices in real estate in Medina, in the Ohio region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Medina has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,393. In the following month the price per sq.feet decreased to $2,114. The price for the following two months in (January, February) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,608.25 to $410 during March, and April.
Based upon to the price in Medina (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $395,637. In December This price remains at $392,590. During the following two months (January, February) the average price had a considerable increase of 116 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $426,266.5 and $443,668.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $432,524 they are 48 % more affordable than the average price for Medina. The properties with the highest average price have 1 bedroom, Their price is 15 % more costly than the average. After that we have properties with 4 bedrooms priced at $435,442.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $167 / sq.feet, with an average $172 / sq.feet price in Medina. The properties with the highest average prices have 1 bedroom. They are 374 % more expensive than the average followed by properties with 4 bedrooms with a price at $752 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $432,524 it is 55 % cheaper than the average price in Medina. "Duplex" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $427,059 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $154 / sq.feet followed by "Condo" priced at $191 / sq.feet. "Land" is the most costly type of property with a $28,364 / sq.feet cost followed by "Duplex" with an average price of $6,742 / sq.feet.
