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Meridian, ID

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Meridian, ID

Sat Jan 16 2021
This week the median list price for Meridian, ID is $467,583 with the market action index hovering around 61. This is less than last month's market action index of 65. Inventory has held steady at or around 128. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Meridian, ID

Sat Jan 16 2021
This week the median list price for Meridian, ID is $467,583 with the market action index hovering around 61. This is less than last month's market action index of 65. Inventory has held steady at or around 128. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Meridian market.
Median List Price $467,583
Per Square Foot $254
Days on Market 61
Price Decreased 40%
Price Increased 46%
Relisted 5%
Inventory 128
Median Rent $1,950
Most Expensive $3,995,900
Least Expensive $334,900
Market Action 61
Strong Seller's Market

While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$536,990 2,153 6,500 - 8,000 sqft 4 2 1 2 10 63
$479,990 1,860 4,500 - 6,500 sqft 4 2 1 2 4 72
$438,851 1,838 4,500 - 6,500 sqft 3 2 1 2 5 43
$398,771 1,526 4,500 - 6,500 sqft 3 2 1 8 5 64