Is Meriden, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$275,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Meriden was $275,000 in May 2024, up 14.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $110K | +22.2% |
2 Bedrooms | $170K | $223.5K | +31.5% |
3 Bedrooms | $265.3K | $290K | +9.3% |
4 Bedrooms | $265K | $307K | +15.8% |
5+ Bedrooms | $287.5K | $350K | +21.7% |
Summary: Meriden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 31.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
Meriden | $240.1K | $275K | +14.5% |
Berlin | $349.9K | $380K | +8.6% |
Southington | $335K | $363.9K | +8.6% |
Cheshire | $420K | $444K | +5.7% |
Housing Supply in Meriden, CT
How many homes are available in Meriden, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
151 | 177 | +17.2% |
Summary: The Meriden real estate market had 177 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 43 | 51 | +18.6% |
3 Bedrooms | 57 | 64 | +12.3% |
4 Bedrooms | 26 | 29 | +11.5% |
5+ Bedrooms | 23 | 31 | +34.8% |
Summary: The Meriden housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 34.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Meriden in May 2024, up by 16.7% month-over-month. Of the 42 sold homes, 26% were sold under asking, 10% were sold at asking, and 64% were sold over asking.
Days on Market for Meriden, CT
We’re sorry, we don't have information for this market at the moment