$3,646 Closing Credit*
$307,000
1,500 SqFt
2 Beds
•2 Full Baths, 1 Partial
Mary Edeen, Listing Office: Berkshire Hathaway NE Prop.
Is Meriden, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$296,522
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,272(+16.2%)
Key Takeaway
Homes in Meriden have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Meriden was $296,522 in November 2024, up 16.2% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97K | $141K | +45.4% |
| 2 Bedrooms | $197.5K | $226K | +14.4% |
| 3 Bedrooms | $275.5K | $315K | +14.3% |
| 4 Bedrooms | $285K | $330K | +15.8% |
| 5+ Bedrooms | $300K | $365K | +21.7% |
Summary: Meriden housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.4%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Meriden | $255.2K | $296.5K | +16.2% |
| Middlefield | $332.5K | $380K | +14.3% |
| Southington | $349.9K | $385K | +10.0% |
| Cheshire | $428.8K | $460K | +7.3% |
| Berlin | $369K | $390K | +5.7% |
Housing Supply in Meriden, CT
How many homes are available in Meriden, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 196 | 172 | -12.2% |
Summary: The Meriden real estate market had 172 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 53 | 43 | -18.9% |
| 3 Bedrooms | 85 | 76 | -10.6% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 28 | 18 | -35.7% |
Summary: The Meriden housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 35.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 55 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meriden, you could pay more than the asking price. 67.3% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in Meriden in November 2024, the same as the previous month. Of the 55 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% 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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