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 buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

Meridian Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Meridian Hills, IN

How much do homes in Meridian Hills, IN cost?

Median Sold Price

$450,750

$234/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$374,250(-45.4%)

Key Takeaway

Homes in Meridian Hills have sold for 45.4% less than they did a month ago.

Summary: The median home sold price in Meridian Hills was $450,750 in October 2024, down 45.4% from last month, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $580K-
N/A
4 $965K$450.7K
-53.3%
5+ $1.3M-
N/A

Summary: Meridian Hills housing prices by bedroom type for October 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 decreased by 53.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Williams Creek
+182.6%
Meridian Hills
-45.4%

Housing Supply in Meridian Hills, IN

How many homes are available in Meridian Hills, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1511-26.7%

Summary: The Meridian Hills real estate market had 11 homes for sale in October 2024, a 26.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 64
-33.3%
4 54
-20.0%
5+ 21
-50.0%

Summary: The Meridian Hills 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 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 Hills, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Meridian Hills in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Sep 2024Oct 2024CHANGE
11 Days2 Days-82.1%

Summary: Homes in Meridian Hills had an average of 2 days on market in Oct 2024, down by 82.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 1 homes were sold in Meridian Hills; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Meridian Hills, IN

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