Homes.com Calls Meriden a Budget Buy—Local Data Says Otherwise

Meriden, Connecticut is gaining attention as an affordable, centrally located community in New Haven County. With a mix of historic charm, access to transit, and a growing housing market, it's no surprise that national platforms like Homes.com are spotlighting the city. But how does the national narrative stack up against local data? Let’s take a closer look.

Homes.com Highlights: A Snapshot of Meriden

According to Homes.com, Meriden boasts a median listing price of about $219,750 and an average home sale price of $242,355. The average home spends between 49 to 53 days on the market, slightly faster than the national average. South Meriden is featured as a particularly desirable neighborhood, with its tree-lined streets, Cape Cod-style homes, and community atmosphere. Overall, Meriden is portrayed as a budget-friendly city for first-time buyers and investors.

But these numbers represent a broad overview across all property types. To understand what’s really happening in Meriden, we need to zoom in on the most common housing choice: single-family homes.

The Local Reality: What the MLS Says

According to the SmartMLS report as of August 5, 2025, the median sale price for single-family homes in Meriden is $355,500, marking a 12.9% increase from the previous year. That’s significantly higher than the figures reported by Homes.com.

Additional local stats include:

• Average sale price: $351,159

• Average price per square foot: $212

• Median days on market: 11

• Majority of sales: between $200K and $399K

• Inventory: 1.1 months of supply (indicating a strong seller's market)

Explaining the Discrepancy

Why such a large difference between the Homes.com and MLS data?

1. Property Type Scope: Homes.com likely includes condos, townhomes, and multi-family properties in its averages, which often sell for less than single-family homes.

2. Data Freshness: The MLS data is updated in real-time and reflects sales through August 2025, while Homes.com may be working with older or aggregated data.

Price Reductions & Buyer Competition

While homes are selling quickly, not all listings fly off the shelf. Around 23% of active listings have had a price reduction, averaging about 7% off the original asking price. However, homes still sell for over asking on average, with strong demand particularly in the $200K–$399K range.

What This Means for You

If you're a buyer, especially in the mid-price range, be prepared for competition. Homes are moving fast and inventory is tight. If you're a seller, now is an excellent time to list, especially given rising prices and short days on market. And for investors, Meriden continues to offer long-term value, particularly in neighborhoods seeing redevelopment and growth.

Want In On Meriden's Momentum?

Whether you're buying, selling, or investing, having the right team on your side is critical.

Contact us below to discuss your goals. Our local expertise and up-to-the-minute market insights will help you make the smartest move in Meriden's dynamic housing market.