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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meridian Kessler is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Meridian Kessler has remained a Seller's Market.

Key Takeaway

Meridian Kessler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Meridian Kessler, IN

How much do homes in Meridian Kessler, IN cost?

Median Sold Price

$436,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,747(+6.5%)

Key Takeaway

Homes in Meridian Kessler have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Meridian Kessler was $436,000 in April 2024, up 6.5% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $178K$189.9K
+6.7%
2 $252K$264K
+4.8%
3 $385K$407.5K
+5.8%
4 $546.2K$677.5K
+24.0%
5+ $1.1M$871K
-23.6%

Summary: Meridian Kessler housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 23.6%.

Median Sold Price Compared To Nearby Neighborhoods

Northcroft
+15.4%
Meridian Kessler
+6.5%

Housing Supply in Meridian Kessler, IN

How many homes are available in Meridian Kessler, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9091+1.1%

Summary: The Meridian Kessler real estate market had 91 homes for sale in April 2024, a 1.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 77
0.0%
2 1918
-5.3%
3 2830
+7.1%
4 2425
+4.2%
5+ 1211
-8.3%

Summary: The Meridian Kessler housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2731+14.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meridian Kessler, you could pay more than the asking price. 61.3% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Meridian Kessler in April 2024, up by 14.8% month-over-month. Of the 31 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.

Days on Market for Meridian Kessler, IN

How long does it take to sell a home in Meridian Kessler, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days19 Days-49.9%

Summary: Homes in Meridian Kessler had an average of 19 days on market in Apr 2024, down by 49.9% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 31 homes were sold in Meridian Kessler; 87% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

Newest Listings in Meridian Kessler, IN

Nearby Markets to Meridian Kessler, IN