Is Meridian Hills, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meridian Hills is a neutral's market

Buyer's
Market

Difference Since March 2023

Since last year, Meridian Hills has remained a Neutral Market.

Key Takeaway

Meridian Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$223,568(+35.7%)

Key Takeaway

Homes in Meridian Hills have sold for 35.7% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $380K$652.5K
+71.7%
3 $477.5K$614.7K
+28.7%
4 $756K$822.5K
+8.8%
5+ $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
+35.7%
Washington Township
+2.1%
Indianapolis
+1.2%

Housing Supply in Meridian Hills, IN

How many homes are available in Meridian Hills, IN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
87-12.5%

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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 13
+200.0%
4 41
-75.0%
5+ 33
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 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meridian Hills, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

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 2023Mar 2024CHANGE
120 Days1 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Meridian Hills are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Meridian Hills, IN

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