Meriden, CT Home Values & Market Trends

Real estate market trends reflect that there have been 726 transactions over the past year in Meriden. The median value for residential home transactions that occurred over the previous year is $279,043.1. The number of current listings in Meriden is 40, and the percentage of properties for sale in the city is 40.00%. Meriden, CT currently has 45 properties in foreclosure, 2 bank owned properties, 15 properties headed for auction, and 40 properties for sale.

Meriden, CT Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
06450

$ 247,000

$ 195/sqft

06451

$ 273,000

$ 164/sqft

Housing Market Summary for Meriden, CT

Apr 2023March 2024Change
Median Listing Price$237.4K$256.9K8.18%
Median Sold Price$232.7K$256.9K10.41%
Homes For Sale5236-30.77%
Homes Sold316297-6.01%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Meriden, CT

Meriden home values range from $39,588 to $895,900. The median estimated value of a home in Meriden is $279,043.1. The median list price of a home is 254,000, and the total count of properties in the city is 17,167.

Foreclosure
There are 2 zips within Meriden, CT; within these zips, the median estimated home value for homes in foreclosure ranges from $380,032 in 06450 to the lowest value of $117,200 in 06450. Foreclosure homes account for 0.00% of properties in Meriden, CT with 06450 containing 24 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.16% of all residential properties in Meriden, CT with 06451 containing 14 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Meriden, CT; of those zips, the estimated home value for pre-foreclosure homes ranges from $380,032 in 06451 to the lowest home value of $117,200 in 06450.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Meriden, CT ranges from the highest value of $316,750 in 06450 to the lowest value of $316,750 in 06451. Bank owned homes and properties account for 0.01% of properties in Meriden, CT. There are 2 zips within Meriden, CT; 06451 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    06450 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Meriden, CT. Auction homes and other auction properties account for 0.09% of all properties in Meriden, CT. There are 2 zips within Meriden, CT; of those zips, the median estimated home value for homes going to auction ranges from $415,800 in 06451 to the lowest value of $253,400 in 06451.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.23% of residential properties in Meriden, CT with 06450 containing 23 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Meriden, CT; homes for sale in those zips, have a range of median values from $407,700 in 06451 to the lowest value of $97,750 in 06450.
    Sold Homes
    The median value for recently sold homes ranges from $570,424 in 06450 to the lowest price of $49,615 in 06450. There are 2 zips within Meriden, CT. 06450 has 174 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.76% of properties in Meriden, CT.

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      Guide for Meriden, CT

      Market Reports
      Hartford, New York – Real Estate Market Snapshot, April 2024
      Home Buying Guides & Tips
      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Investment Financing
      A Guide to Foreclosure Financing and Refinancing
      Market Reports
      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      See More Articles
      Hartford, New York – Real Estate Market Snapshot, April 2024
      Market Reports|posted 3 April 2024

      This blog post provides a detailed analysis of Hartford, Connecticut’s real estate market as of March 2024.

      Are House Prices too High Near Your School? Buying A Foreclosure Could Be the Solution
      Home Buying Guides & Tips|posted 23 April 2024

      When house prices increase near good school, what options do home buyer have?

      A Guide to Foreclosure Financing and Refinancing
      Investment Financing|posted 17 April 2024

      Information on foreclosure financing, refinancing, and foreclosure mortgages.

      Tulsa Real Estate Rides Seasonal Wave: Property Values Dip to $272K in Early 2024
      Market Reports|posted 17 April 2024

      Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.