$3,788 Closing Credit*
$319,000
1,404 SqFt
3 Beds
•1 Full Bath, 1 Partial
Cristy Lu, Listing Office: YellowBrick Real Estate LLC
Is Meriden, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Meriden has remained a Seller's Market.
Key Takeaway
Meriden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meriden, CT
How much do homes in Meriden, CT cost?
Median Sold Price
$289,060
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,740(+15.5%)
Key Takeaway
Homes in Meriden have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in Meriden was $289,060 in October 2024, up 15.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.2K | $125.5K | +30.4% |
| 2 Bedrooms | $187K | $225K | +20.3% |
| 3 Bedrooms | $272.2K | $310K | +13.9% |
| 4 Bedrooms | $275K | $325K | +18.2% |
| 5+ Bedrooms | $280K | $361K | +28.9% |
Summary: Meriden housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Cities
| Meriden | $250.3K | $289K | +15.5% |
| Middlefield | $326.2K | $373.5K | +14.5% |
| Southington | $345K | $379.9K | +10.1% |
| Cheshire | $425K | $465K | +9.4% |
| Berlin | $367.5K | $382.5K | +4.1% |
Housing Supply in Meriden, CT
How many homes are available in Meriden, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 | 183 | -10.3% |
Summary: The Meriden real estate market had 183 homes for sale in October 2024, a 10.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 62 | 52 | -16.1% |
| 3 Bedrooms | 79 | 78 | -1.3% |
| 4 Bedrooms | 33 | 28 | -15.2% |
| 5+ Bedrooms | 29 | 25 | -13.8% |
Summary: The Meriden housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 13.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 53 | -24.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meriden, you could pay more than the asking price. 60.4% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Meriden in October 2024, down by 24.3% month-over-month. Of the 53 sold homes, 26% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for Meriden, CT
We’re sorry, we don't have information for this market at the moment
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