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Meridian, ID

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Meridian, ID

Fri Oct 15 2021
This week the median list price for Meridian, ID is $609,400 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has increased to 354. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Meridian, ID

Fri Oct 15 2021
This week the median list price for Meridian, ID is $609,400 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has increased to 354. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Meridian market.
Median List Price $609,400
Median Price of New Listings $594,450
Per Square Foot $275
Average Days on Market 44
Median Days on Market 28
Price Decreased 53%
Price Increased 3%
Relisted 6%
Inventory 354
Median Rent $2,395
Market Action 52
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
$843,383 3,336 0.25 - 0.5 acre 4 3 6 15 12 21
$669,950 2,541 6,500 - 8,000 sqft 4 2 5 7 13 28
$569,990 2,024 6,500 - 8,000 sqft 4 2 2 8 14 35
$440,000 1,600 6,500 - 8,000 sqft 3 2 15 20 17 28