$3,086 Closing Credit*
$259,900
2,043 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michael Delgreco, Listing Office: New England Realty Assoc LLC
Is Meriden, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Meriden has remained a Seller's Market.
Key Takeaway
Meriden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meriden, CT
How much do homes in Meriden, CT cost?
Median Sold Price
$285,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$35,091(+14.0%)
Key Takeaway
Homes in Meriden have sold for 14% more than they did a year ago.
Summary: The median home sold price in Meriden was $285,000 in August 2024, up 14% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.5K | $120K | +25.7% |
| 2 Bedrooms | $184.6K | $225K | +21.9% |
| 3 Bedrooms | $275K | $302K | +9.8% |
| 4 Bedrooms | $273.7K | $320K | +16.9% |
| 5+ Bedrooms | $280K | $360K | +28.6% |
Summary: Meriden housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
| Middlefield | $319.9K | $377K | +17.8% |
| Meriden | $249.9K | $285K | +14.0% |
| Berlin | $351K | $388.4K | +10.7% |
| Southington | $339.8K | $374.5K | +10.2% |
| Cheshire | $422K | $455.3K | +7.9% |
Housing Supply in Meriden, CT
How many homes are available in Meriden, CT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 207 | 187 | -9.7% |
Summary: The Meriden real estate market had 187 homes for sale in August 2024, a 9.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 59 | 57 | -3.4% |
| 3 Bedrooms | 79 | 63 | -20.3% |
| 4 Bedrooms | 36 | 37 | +2.8% |
| 5+ Bedrooms | 31 | 28 | -9.7% |
Summary: The Meriden housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 9.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 67 | 47 | -29.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meriden, you could pay more than the asking price. 63.8% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Meriden in August 2024, down by 29.9% month-over-month. Of the 47 sold homes, 30% were sold under asking, 6% were sold at asking, and 64% were sold over asking.
Days on Market for Meriden, CT
We’re sorry, we don't have information for this market at the moment
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