Is Meridian Village, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meridian Village is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Meridian Village was a Buyer's Market.

Key Takeaway

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

Housing Prices in Meridian Village, CO

How much do homes in Meridian Village, CO cost?

Median Sold Price

$760,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$30,000(-3.8%)

Key Takeaway

Homes in Meridian Village have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Meridian Village was $760,000 in October 2024, down 3.8% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$549.5K
N/A
3 $655K$672.2K
+2.6%
4 $800K$755K
-5.6%
5+ $861.2K$920K
+6.8%

Summary: Meridian Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 6.8%.

Housing Supply in Meridian Village, CO

How many homes are available in Meridian Village, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4647+2.2%

Summary: The Meridian Village real estate market had 47 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 2217
-22.7%
4 1117
+54.5%
5+ 1211
-8.3%

Summary: The Meridian Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 22.7%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meridian Village, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Meridian Village in October 2024, down by 46.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Meridian Village, CO

How long does it take to sell a home in Meridian Village, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
2 Days36 Days+1712.5%

Summary: Homes in Meridian Village had an average of 36 days on market in Oct 2024, up by 1712.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Meridian Village has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Meridian Village; 38% of homes were sold within 30 days, 63% 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 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 11/01/2022 - 11/01/2024

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Last updated on: 11/21/2024, 9:12:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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