$5,224 Closing Credit*
$439,900
4,168 SqFt
5 Beds
•3 Full Baths
Shelby Miller, Listing Office: Berkshire Hathaway HomeServices Tomie Raines
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 October 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
$325,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,600(+12.7%)
Key Takeaway
Homes in Meridian Charter Township have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Meridian Charter Township was $325,000 in October 2024, up 12.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $89K | -1.1% |
| 2 Bedrooms | $153K | $185K | +20.9% |
| 3 Bedrooms | $275K | $279K | +1.5% |
| 4 Bedrooms | $377.2K | $415K | +10.0% |
| 5+ Bedrooms | $588K | $566.7K | -3.6% |
Summary: Meridian Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Meridian Charter Township | $288.4K | $325K | +12.7% |
| Okemos | $349.7K | $388.7K | +11.2% |
| East Lansing | $275K | $301K | +9.5% |
| Bath Charter Township | $347.4K | $345.7K | -0.5% |
| Haslett | $289.9K | $285.5K | -1.5% |
Housing Supply in Meridian Charter Township, MI
How many homes are available in Meridian Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 130 | +6.6% |
Summary: The Meridian Charter Township real estate market had 130 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 46 | 49 | +6.5% |
| 4 Bedrooms | 35 | 41 | +17.1% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Meridian Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 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. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Meridian Charter Township in October 2024, down by 22.2% month-over-month. Of the 28 sold homes, 46% were sold under asking, 14% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +17.4% |
Summary: Homes in Meridian Charter Township had an average of 26 days on market in Oct 2024, up by 17.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were 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 October 2024, 28 homes were sold in Meridian Charter Township; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% 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.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.