Is Meridian Campus, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meridian Campus is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Meridian Campus, WA

How much do homes in Meridian Campus, WA cost?

Median Sold Price

$585,000

$261/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$65,000(+12.5%)

Key Takeaway

Homes in Meridian Campus have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Meridian Campus was $585,000 in December 2024, up 12.5% from last year, and the median price per square foot was $261.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $378.9K$372.4K
-1.7%
3 $475K$513.7K
+8.2%
4 $580K$676.4K
+16.6%
5+ $808.7K$710K
-12.2%

Summary: Meridian Campus housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 12.2%.

Housing Supply in Meridian Campus, WA

How many homes are available in Meridian Campus, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2520-20.0%

Summary: The Meridian Campus real estate market had 20 homes for sale in December 2024, a 20.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1110
-9.1%
4 96
-33.3%
5+ 43
-25.0%

Summary: The Meridian Campus housing inventory by bedroom type for December 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 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meridian Campus, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Meridian Campus in December 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for Meridian Campus, WA

How long does it take to sell a home in Meridian Campus, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
28 Days50 Days+76.7%

Summary: Homes in Meridian Campus had an average of 50 days on market in Dec 2024, up by 76.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 10 homes were sold in Meridian Campus; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% 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 7 Days Ago

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