Meridian Idaho Home Sales – October 2018

Meridian Idaho Home Sales Activity For October 2018

Meridian Idaho Home Sales

Meridian Idaho Homes For Sale

# Available: 562    Click here to view all homes for sale in Meridian, ID
Average Asking Price: $403,136
Median Asking Price: $349,990
Months’ Supply: 2.1

Meridian Idaho Pending Sales

# Pending: 394
Average Asking Price: $368,277
Median Asking Price: $349,900

Meridian Idaho Home Sales – October 2017

# Closed: 241
Average Sales Price: $307,418
Median Sales Price: $277,990

Meridian Idaho Home Sales – October 2018

# Closed: 251
% Change: +4.2%

Average Sales Price: $344,422
% Change: +12.0%

Median Sales Price: $321,990
% Change: +15.8%

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Data extracted from Intermountain MLS on 11/5/18 and pertains to Meridian Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

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Meridian Idaho Home Sales – September 2018

Meridian Idaho Home Sales Activity For September 2018

Meridian Idaho Home Sales

Meridian Idaho Homes For Sale

# Available: 556    Click here to view all homes for sale in Meridian, ID
Average Asking Price: $399,552
Median Asking Price: $355,740
Months’ Supply: 2.1

Meridian Idaho Pending Sales

# Pending: 436
Average Asking Price: $372,528
Median Asking Price: $349,498

Meridian Idaho Home Sales – September 2017

# Closed: 316
Average Sales Price: $290,514
Median Sales Price: $275,000

Meridian Idaho Home Sales – September 2018

# Closed: 269
% Change: -14.9%

Average Sales Price: $335,102
% Change: +15.4%

Median Sales Price: $324,900
% Change: +18.2%

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Data extracted from Intermountain MLS on 10/6/18 and pertains to Meridian Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

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Meridian Idaho Home Sales – August 2018

Meridian Idaho Home Sales Activity For August 2018

Meridian Idaho Home

Meridian Idaho Homes For Sale

# Available: 531    Click here to view all homes for sale in Meridian, ID
Average Asking Price: $401,835
Median Asking Price: $355,990
Months’ Supply: 2.0

Meridian Idaho Pending Sales

# Pending: 445
Average Asking Price: $360,822
Median Asking Price: $340,990

Meridian Idaho Home Sales – August 2017

# Closed: 352
Average Sales Price: $295,832
Median Sales Price: $275,987

Meridian Idaho Home Sales – August 2018

# Closed: 319
% Change: -9.4%

Average Sales Price: $358,458
% Change: +21.2%

Median Sales Price: $337,895
% Change: +22.4%

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Data extracted from Intermountain MLS on 9/8/18 and pertains to Meridian Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

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Meridian Idaho Home Sales – July 2018

Meridian Idaho Home Sales Activity For July 2018

Meridian Idaho Home

Meridian Idaho Homes For Sale

# Available: 446    Click here to view all homes for sale in Meridian, ID
Average Asking Price: $410,144
Median Asking Price: $364,995
Months’ Supply: 1.7

Meridian Idaho Pending Sales

# Pending: 524
Average Asking Price: $366,036
Median Asking Price: $345,777

Meridian Idaho Home Sales – July 2017

# Closed: 300
Average Sales Price: $297,411
Median Sales Price: $280,995

Meridian Idaho Home Sales – July 2018

# Closed: 303
% Change: +1.0%

Average Sales Price: $340,295
% Change: +14.4%

Median Sales Price: $320,000
% Change: +13.9%

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Data extracted from Intermountain MLS on 8/5/18 and pertains to Meridian Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.

Months’ Supply = available listings divided by average monthly closed sales for the past twelve months.

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Meridian Idaho Homes 2018 Mid-Year Review

Meridian Idaho Homes 2018 Mid-Year Review

Meridian Idaho Homes 2018 Mid-Year Review

Meridian Idaho Homes Available Listings

  • January 2018: 485
  • July 2018: 451
  • % Change: -7.0%

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Meridian Idaho Homes Months’ Supply

  • January 2018: 1.8
  • July 2018: 1.7
  • % Change: -5.6%

Meridian Idaho Homes Pending Sales

  • January 2018: 297
  • July 2018: 561
  • % Change: +88.9%

Meridian Idaho Homes Closed Sales

  • January 2018: 261
  • July 2018: 354
  • % Change: +35.6%

Boise Idaho Homes Average Sales Price

  • January 2018: $317,862
  • July 2018: $344,033
  • % Change: +8.2%

Meridian Idaho Homes Median Sales Price

  • January 2018: $284,900
  • July 2018: $327,382
  • % Change: +14.9%

Summary & Insights

  • Seasonal factors (winter vs. summer) contributed to the data above.
  • We have very low listing inventory.
  • We have more buyers than sellers.
  • Builders can’t build new homes fast enough to meet demand.
  • Prices are rising rapidly due to demand exceeding listing inventory.
  • Multiple offer bidding wars are common.
  • We now have five times as many real estate agents as listings.

Date range is January thru June of 2018.

Data pertains to Meridian Idaho single-family homes on lot or acreage.

Data does not include condo, townhome, or mobile home properties.

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