Media Real Estate Market Report – November 2024

The Media real estate market remains dynamic, with significant growth in sales volume, larger homes, and rising property values. November 2024 showcases strong performance across all segments, making it an exciting time for both buyers and sellers. Join Tim Reeder from the Tim Reeder Team at Coldwell Banker Media for an in-depth analysis of these trends.


📹 Watch the Market Update


📊 November 2024 Market Highlights

  • Homes Sold: 19
  • Median Sale Price: $647,500
  • Average Sale Price: $729,800
  • Median Days on Market: 11 (Fastest sale: 3 days; Longest sale: 90 days)
  • Price Range: $350,000 – $1,755,000
  • Average Price per Sq. Ft.: $280
  • Average Home Size: 2,700 sq ft (Range: 1,100 – 6,576 sq ft)

Year-Over-Year Market Comparison

  • Number of Homes Sold:
    • November 2023: 13
    • November 2024: 19
      A 46% increase in sales volume.
  • Average Sale Price:
    • November 2023: $584,300
    • November 2024: $729,800
      A 25% increase in average sale prices.
  • Average Home Size:
    • November 2023: 2,184 sq ft
    • November 2024: 2,700 sq ft
      Homes sold this year were typically more spacious.
  • Price per Square Foot:
    • November 2023: $273
    • November 2024: $280
      A slight 2.5% increase in value per square foot.
  • Price Range:
    • November 2023: $275,000 – $851,000
    • November 2024: $350,000 – $1,755,000
      Significant growth in both entry points and luxury sales.

Key Market Insights

  • For Buyers:
    With larger homes and a broader price range available, Media offers options across all budgets. Act quickly, as homes are selling above list price and within an average of 11 days.
  • For Sellers:
    The Media market remains strong for sellers, with rising average sale prices and active competition among buyers. Proper preparation and strategic pricing can help maximize your returns.

Market Opportunities

Media continues to thrive, with robust demand across all segments. The increase in sales volume, higher prices, and larger homes highlight its appeal to buyers seeking value and spacious living options. For sellers, the above-list-price performance underscores the strong market momentum.

Contact the Tim Reeder Team at Coldwell Banker Media to explore how these trends can help you achieve your real estate goals in Media. Let’s make your next move a success!