Here’s a snapshot of February’s activity for Meridian, Idaho real estate:
Available Homes
# Available: 376
Average Asking Price: $396,589
Median Asking Price: $357,250
Months’ Supply: 1.4
Pending Sales
# Pending: 419
Average Asking Price: $333,875
Median Asking Price: $304,980
Closed Sales – February 2017
# Closed: 166
Average Sales Price: $285,019
Median Sales Price: $273,995
Closed Sales – February 2018
# Closed: 174
% Change: +4.8%
Average Sales Price: $334,435
% Change: +17.3%
Median Sales Price: $302,236
% Change: +10.3%
Data extracted from Intermountain MLS on 3/5/18 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.