$2,197 Closing Credit*
$185,000
1,720 SqFt
4 Beds
•2 Full Baths, 1 Partial
Pamela Munro, Listing Office: CMS Realty LLC
Is Merrill, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$156,500
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$24,250(-13.4%)
Key Takeaway
Homes in Merrill have sold for 13.4% less than they did a year ago.
Summary: The median home sold price in Merrill was $156,500 in December 2024, down 13.4% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $162K | +4.5% |
| 2 Bedrooms | $71K | $131K | +84.5% |
| 3 Bedrooms | $190.2K | $164.9K | -13.3% |
| 4 Bedrooms | $191K | $119.5K | -37.4% |
| 5+ Bedrooms | $166.4K | $256K | +53.8% |
Summary: Merrill housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 84.5%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 37.4%, and 5+ bedroom homes increased by 53.8%.
Median Sold Price Compared To Nearby Cities
| Merrill | $180.7K | $156.5K | -13.4% |
| Jonesfield Township | $168.5K | $137.4K | -18.4% |
Housing Supply in Merrill, MI
How many homes are available in Merrill, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Merrill real estate market had 8 homes for sale in December 2024, a 20.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merrill housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 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 could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Merrill in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 35 Days | 5 Days | -85.9% |
Summary: Homes in Merrill had an average of 5 days on market in Dec 2024, down by 85.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 December 2024, 2 homes were sold in Merrill; 100% of homes were sold within 30 days, 0% 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.