A smart asking price should line up with the recent sale range instead of chasing an optimistic number.
If you are thinking about selling in Medina, WA, the real question is whether you can push pricing aggressively or whether precision matters more. My answer is precision first - the most recent three-month closing range runs from $2,350,000 to $7,360,000, and the typical estimated property value last month was $4,330,790.
A typical estimated property value in Medina, WA was $4,330,790 last month. Over the last three months, 5 properties closed, with a typical closed price of $5,095,000, a low of $2,350,000, and a high of $7,360,000. Those numbers give me a pricing frame, not a license to stretch.
When I see a small set of closings with a wide spread, I do not treat the top sale as the default benchmark for every property. I would position a home around the part of the range it can actually justify on its own merits. That keeps attention focused on the right buyers instead of forcing later corrections.
Pull your pricing argument back to comparable features and realistic expectations. Decide now where you want to sit within the recent sale range. Do not anchor to the $7,360,000 sale unless your home clearly belongs near that top end.
