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Meridian, ID

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Meridian, ID

Sun Feb 25 2024
This week the median list price for Meridian, ID is $579,900 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has decreased to 314. Click here to stay informed with the Meridian market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Meridian, ID

Sun Feb 25 2024
This week the median list price for Meridian, ID is $579,900 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has decreased to 314. Click here to stay informed with the Meridian market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Meridian market.
Median List Price $579,900
Median Price of New Listings $630,000
Per Square Foot $274
Average Days on Market 89
Median Days on Market 63
Price Decreased 28%
Price Increased 9%
Relisted 10%
Inventory 314
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$885,950 3,069 0.25 - 0.5 acre 4 3 2 10 12 87
$645,200 2,492 6,500 - 8,000 sqft 3 3 1 8 10 42
$536,900 1,958 4,500 - 6,500 sqft 4 3 1 4 10 56
$454,990 1,722 4,500 - 6,500 sqft 3 2 1 5 16 70