Is Meridian Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Meridian Charter Township has remained a Seller's Market.
Housing Prices in Meridian Charter Township, MI
How much do homes in Meridian Charter Township, MI cost?
Median Sold Price
$308,329
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Meridian Charter Township was $308,329 in April 2024, up 6.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87K | $89.5K | +2.9% |
2 Bedrooms | $152.7K | $160K | +4.7% |
3 Bedrooms | $272.7K | $275K | +0.8% |
4 Bedrooms | $362K | $394.7K | +9.0% |
5+ Bedrooms | $594.5K | $544.2K | -8.5% |
Summary: Meridian Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Haslett | $268K | $299K | +11.6% |
Bath Charter Township | $324.9K | $350K | +7.7% |
Meridian Charter Township | $290.2K | $308.3K | +6.2% |
East Lansing | $268.9K | $284K | +5.6% |
Okemos | $348.5K | $364K | +4.4% |
Housing Supply in Meridian Charter Township, MI
How many homes are available in Meridian Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
126 | 136 | +7.9% |
Summary: The Meridian Charter Township real estate market had 136 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 50 | 48 | -4.0% |
4 Bedrooms | 37 | 44 | +18.9% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Meridian Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 48 | +26.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Meridian Charter Township in April 2024, up by 26.3% month-over-month. Of the 48 sold homes, 38% were sold under asking, 23% were sold at asking, and 40% were sold over asking.
Days on Market for Meridian Charter Township, MI
How long does it take to sell a home in Meridian Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 37 Days | -0.0% |
Summary: Homes in Meridian Charter Township had an average of 37 days on market in Apr 2024, down by 0% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Meridian Charter Township; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.