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 seller's market

Buyer's
Market

Difference Since Last Month

Last month, Meridian Hills was a Buyer's Market.

Key Takeaway

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

Housing Prices in Meridian Hills, IN

How much do homes in Meridian Hills, IN cost?

Median Sold Price

$1,392,500

$190/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$192,500(+16.0%)

Key Takeaway

Homes in Meridian Hills have sold for 16% more than they did a month ago.

Summary: The median home sold price in Meridian Hills was $1,392,500 in April 2024, up 16% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 -$261K
N/A
4 -$635K
N/A
5+ $1.2M$2.6M
+124.8%

Summary: Meridian Hills housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 124.8%.

Housing Supply in Meridian Hills, IN

How many homes are available in Meridian Hills, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
89+12.5%

Summary: The Meridian Hills real estate market had 9 homes for sale in April 2024, a 12.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 11
0.0%
5+ 45
+25.0%

Summary: The Meridian Hills 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meridian Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Meridian Hills in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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 2024Apr 2024CHANGE
1 Day87 Days+8600.0%

Summary: Homes in Meridian Hills had an average of 87 days on market in Apr 2024, up by 8600% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 April 2024, 4 homes were sold in Meridian Hills; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 5 Days Ago

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