Is Meridian Kessler, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meridian Kessler is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Meridian Kessler has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Meridian Kessler, IN

How much do homes in Meridian Kessler, IN cost?

Median Sold Price

$425,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,500(-3.3%)

Key Takeaway

Homes in Meridian Kessler have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in Meridian Kessler was $425,000 in November 2024, down 3.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $188K$190K
+1.1%
2 $270K$272.4K
+0.9%
3 $405.2K$420K
+3.7%
4 $745K$667.5K
-10.4%
5+ $850K$1.1M
+36.5%

Summary: Meridian Kessler housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 36.5%.

Housing Supply in Meridian Kessler, IN

How many homes are available in Meridian Kessler, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
67670.0%

Summary: The Meridian Kessler real estate market had 67 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 1720
+17.6%
3 2325
+8.7%
4 1714
-17.6%
5+ 85
-37.5%

Summary: The Meridian Kessler housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meridian Kessler, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Meridian Kessler in November 2024, up by 7.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.

Days on Market for Meridian Kessler, IN

How long does it take to sell a home in Meridian Kessler, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days23 Days+27.0%

Summary: Homes in Meridian Kessler had an average of 23 days on market in Nov 2024, up by 27% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Meridian Kessler are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in Meridian Kessler; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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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