$2,968 Closing Credit*
$249,900
2,254 SqFt
2 Beds
•2 Full Baths, 1 Partial
Lori Periard, Listing Office: Century 21 Signature Realty
Is Merrill, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Merrill has remained a Seller's Market.
Key Takeaway
Merrill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Merrill, MI
How much do homes in Merrill, MI cost?
Median Sold Price
$155,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,000(-4.3%)
Key Takeaway
Homes in Merrill have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Merrill was $155,000 in November 2024, down 4.3% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $158.5K | N/A |
| 2 Bedrooms | $68K | $131K | +92.6% |
| 3 Bedrooms | $180.7K | $164.9K | -8.8% |
| 4 Bedrooms | $135K | $194.5K | +44.1% |
| 5+ Bedrooms | $166.4K | $256K | +53.8% |
Summary: Merrill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 92.6%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes increased by 53.8%.
Median Sold Price Compared To Nearby Cities
| Merrill | $162K | $155K | -4.3% |
| Jonesfield Township | $160.9K | $137.4K | -14.6% |
Housing Supply in Merrill, MI
How many homes are available in Merrill, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Merrill real estate market had 11 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merrill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Merrill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Merrill in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Merrill, MI
How long does it take to sell a home in Merrill, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 19 Days | +85.7% |
Summary: Homes in Merrill had an average of 19 days on market in Nov 2024, up by 85.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Merrill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Merrill; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.