Is Meriden, CT 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, Meriden has remained a Seller's Market.
Housing Prices in Meriden, CT
How much do homes in Meriden, CT cost?
Median Sold Price
$273,875
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Meriden was $273,875 in April 2024, up 14% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $110K | +22.2% |
2 Bedrooms | $173K | $220K | +27.2% |
3 Bedrooms | $264.3K | $285K | +7.8% |
4 Bedrooms | $265K | $305.5K | +15.3% |
5+ Bedrooms | $280K | $339K | +21.1% |
Summary: Meriden housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 21.1%.
Median Sold Price Compared To Nearby Cities
Meriden | $240.2K | $273.8K | +14.0% |
Berlin | $342K | $380K | +11.1% |
Southington | $333.4K | $360K | +8.0% |
Cheshire | $420.3K | $439.5K | +4.6% |
Housing Supply in Meriden, CT
How many homes are available in Meriden, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
141 | 146 | +3.5% |
Summary: The Meriden real estate market had 146 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 39 | 40 | +2.6% |
3 Bedrooms | 57 | 56 | -1.8% |
4 Bedrooms | 26 | 26 | 0.0% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Meriden housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 35 | -14.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Meriden in April 2024, down by 14.6% month-over-month. Of the 35 sold homes, 9% were sold under asking, 17% were sold at asking, and 74% were sold over asking.
Days on Market for Meriden, CT
We’re sorry, we don't have information for this market at the moment