Would a blade made from meteorite be any better then one made from normal steel?

I watched the Sokka's Master episode of Avatar just now and I remember I've seen this in a few games and books as well where a character uses a weapon forged from a meteorite.

I get how it would be really cool to say "My sword is made from something from outer space" but other then that would it cut things any better or be any more durable then just good old fashioned steel?

I'm a novice on these things (as much as I love both fantasy and science fiction) so I could easily be missing something simple. If I am, please feel free to point it out and thoroughly mock me about it, as is deserved.