$3,561 Closing Credit*
$299,900
1,718 SqFt
3 Beds
•2 Full Baths
Travis Blaine Conti, Listing Office: RE/MAX Real Estate Professionals
Is Meridian Charter Township, MI 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, Meridian Charter Township has remained a Seller's Market.
Key Takeaway
Meridian Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meridian Charter Township, MI
How much do homes in Meridian Charter Township, MI cost?
Median Sold Price
$326,112
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,112(+9.4%)
Key Takeaway
Homes in Meridian Charter Township have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Meridian Charter Township was $326,112 in November 2024, up 9.4% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.5K | $93K | +3.9% |
| 2 Bedrooms | $153K | $185K | +20.9% |
| 3 Bedrooms | $275K | $279K | +1.5% |
| 4 Bedrooms | $382.5K | $410K | +7.2% |
| 5+ Bedrooms | $582.5K | $555.6K | -4.6% |
Summary: Meridian Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Okemos | $350K | $383.5K | +9.6% |
| Meridian Charter Township | $298K | $326.1K | +9.4% |
| East Lansing | $278.5K | $304.6K | +9.4% |
| Bath Charter Township | $335K | $365K | +9.0% |
| Haslett | $289.9K | $296.2K | +2.2% |
Housing Supply in Meridian Charter Township, MI
How many homes are available in Meridian Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 | 125 | -1.6% |
Summary: The Meridian Charter Township real estate market had 125 homes for sale in November 2024, a 1.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 49 | 44 | -10.2% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The Meridian Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 27 | -20.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meridian Charter Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Meridian Charter Township in November 2024, down by 20.6% month-over-month. Of the 27 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Meridian Charter Township, MI
How long does it take to sell a home in Meridian Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 26 Days | -52.5% |
Summary: Homes in Meridian Charter Township had an average of 26 days on market in Nov 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Meridian Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Meridian Charter Township; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.