Is Meriden, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$270,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Meriden have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Meriden was $270,000 in March 2024, up 12.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.9K | $105K | +23.7% |
| 2 Bedrooms | $172K | $218K | +26.7% |
| 3 Bedrooms | $264.6K | $285K | +7.7% |
| 4 Bedrooms | $267K | $302.5K | +13.3% |
| 5+ Bedrooms | $280K | $335K | +19.6% |
Summary: Meriden housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
| Meriden | $240K | $270K | +12.5% |
| Berlin | $340K | $380K | +11.8% |
| Middlefield | $315K | $349.5K | +11.0% |
| Southington | $335K | $360K | +7.5% |
| Cheshire | $420.7K | $435K | +3.4% |
Housing Supply in Meriden, CT
How many homes are available in Meriden, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 132 | -5.0% |
Summary: The Meriden real estate market had 132 homes for sale in March 2024, a 5.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 39 | 39 | 0.0% |
| 3 Bedrooms | 47 | 52 | +10.6% |
| 4 Bedrooms | 28 | 24 | -14.3% |
| 5+ Bedrooms | 21 | 16 | -23.8% |
Summary: The Meriden housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 23.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 38 | -20.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meriden, you could pay more than the asking price. 71.1% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Meriden in March 2024, down by 20.8% month-over-month. Of the 38 sold homes, 18% were sold under asking, 11% were sold at asking, and 71% 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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