Is Meridian Hills, IN 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, Meridian Hills has remained a Neutral Market.
Housing Prices in Meridian Hills, IN
How much do homes in Meridian Hills, IN cost?
Median Sold Price
$850,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Meridian Hills was $850,000 in March 2024, up 35.7% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $380K | $652.5K | +71.7% |
3 Bedrooms | $477.5K | $614.7K | +28.7% |
4 Bedrooms | $756K | $822.5K | +8.8% |
5+ Bedrooms | $1.0M | $2.1M | +100.2% |
Summary: Meridian Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.7%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 100.2%.
Median Sold Price Compared To Nearby Cities
Meridian Hills | $626.4K | $850K | +35.7% |
Washington Township | $305.1K | $311.4K | +2.1% |
Indianapolis | $237K | $239.7K | +1.2% |
Housing Supply in Meridian Hills, IN
How many homes are available in Meridian Hills, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Summary: The Meridian Hills real estate market had 7 homes for sale in March 2024, a 12.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 3 | +200.0% |
4 Bedrooms | 4 | 1 | -75.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Meridian Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Meridian Hills in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Meridian Hills, IN
How long does it take to sell a home in Meridian Hills, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
120 Days | 1 Day | -99.2% |
Summary: Homes in Meridian Hills had an average of 1 days on market in Mar 2024, down by 99.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Meridian Hills; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.