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Meridian, ID

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Meridian, ID

Thu Sep 24 2020
This week the median list price for Meridian, ID is $399,900 with the market action index hovering around 71. This is an increase over last month's market action index of 65. Inventory has held steady at or around 182. 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.

Strong Seller's Market

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

Thu Sep 24 2020
This week the median list price for Meridian, ID is $399,900 with the market action index hovering around 71. This is an increase over last month's market action index of 65. Inventory has held steady at or around 182. 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.

Strong Seller's Market

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 $399,900
Per Square Foot $213
Days on Market 53
Price Decreased 5%
Price Increased 54%
Relisted 2%
Inventory 182
Median Rent $1,600
Most Expensive $3,995,900
Least Expensive $255,000
Market Action 71
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$644,900 2,980 0.25 - 0.5 acre 4 3 14 13 17 60
$432,990 2,100 6,500 - 8,000 sqft 4 2 0 7 14 47
$386,147 1,860 4,500 - 6,500 sqft 3 2 0 8 10 51
$349,990 1,544 4,500 - 6,500 sqft 3 2 0 15 20 50