Is Meridian Charter Township, MI 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 Charter Township has remained a Seller's Market.
Housing Prices in Meridian Charter Township, MI
How much do homes in Meridian Charter Township, MI cost?
Median Sold Price
$303,053
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Meridian Charter Township was $303,053 in March 2024, up 4.2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $89.5K | +5.3% |
2 Bedrooms | $152.5K | $162.5K | +6.6% |
3 Bedrooms | $272.5K | $275K | +0.9% |
4 Bedrooms | $365K | $390K | +6.8% |
5+ Bedrooms | $567.4K | $547.7K | -3.5% |
Summary: Meridian Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
Haslett | $266.5K | $296K | +11.1% |
East Lansing | $265.5K | $280K | +5.5% |
Bath Charter Township | $322.1K | $338.9K | +5.2% |
Meridian Charter Township | $290.8K | $303K | +4.2% |
Okemos | $350K | $357K | +2.0% |
Housing Supply in Meridian Charter Township, MI
How many homes are available in Meridian Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 118 | +11.3% |
Summary: The Meridian Charter Township real estate market had 118 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 34 | 46 | +35.3% |
4 Bedrooms | 31 | 33 | +6.5% |
5+ Bedrooms | 19 | 13 | -31.6% |
Summary: The Meridian Charter Township 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 increased by 22.2%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 31.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 36 | +28.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Meridian Charter Township in March 2024, up by 28.6% month-over-month. Of the 36 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Meridian Charter Township, MI
How long does it take to sell a home in Meridian Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 20 Days | -50.7% |
Summary: Homes in Meridian Charter Township had an average of 20 days on market in Mar 2024, down by 50.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Meridian Charter Township; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.