Is Meridian, ID 83642 a buyer’s or seller’s market?
Meridian is a seller’s market. With about 1.8 months of supply and 17% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 63% of U.S. ZIP codes, and #15 of 69 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Meridian housing market right now
In the three months ending August 31, 2026, 17% of homes in Meridian, ID 83642 sold above their list price, the typical home went under contract in 34 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 462 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 12%, homes sold faster (45 days then) and the median sale price rose 8% to $574,741. Overall, Meridian is more competitive than a year ago, so tougher for buyers.
Within Ada County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in 92%. On our competition score, Meridian ranks #15 of 69 ID ZIP codes with enough sales (score 60 out of 100).
Nearby, buyers who want less competition could look at Eagle 83616 (14% sold over asking), while Boise 83712 (38% sold over asking) and Boise 83703 (34% sold over asking) are even more competitive.
Run the numbers for 83642
Nearby markets
Boise 83702Seller’s market $469 /sq ftBoise 83703Seller’s market $353 /sq ftBoise 83704Seller’s market $281 /sq ftBoise 83705Seller’s market $312 /sq ft Browse all markets →Towns like Meridian nearby
Find towns like Meridian in other states →Where Meridian is
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Questions about Meridian real estate
Is Meridian a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Meridian, ID 83642 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Meridian?
The typical home went under contract in 34 days in the latest three months.
Do homes in Meridian sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Meridian?
About 0.52% of a home’s value a year in Ada County, or roughly $2,080 on a $400,000 home.
What is the median home price in Meridian?
The median sale price was $574,741 in the three months ending August 31, 2026, about $280 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology