$39,900
0.37 Acres
Land
Tyler Dick, Listing Office: City2Shore Real Estate Northern Michigan
Housing Prices in Merritt, MI
How much do homes in Merritt, MI cost?
Median List Price
$166,950
$124/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
-$11,750(-6.6%)
Key Takeaway
The list price of homes in Merritt has decreased by 6.6% since last year.
Summary: The median home list price in Merritt was $166,950 in October 2024, down 6.6% from the previous year, and the median price per square foot was $124.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $181.5K | $169K | -6.9% |
| 3 Bedrooms | $212.4K | $207.4K | -2.4% |
| 4 Bedrooms | $146.2K | $99.9K | -31.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Merritt housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 31.7%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Butterfield Township | $144.9K | $166.9K | +15.2% |
| Lake Township | $199K | $199K | 0.0% |
| Merritt | $178.7K | $166.9K | -6.6% |
Housing Supply in Merritt, MI
How many homes are available in Merritt, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Summary: The Merritt real estate market had 2 homes for sale in October 2024, a 100.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merritt housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Merritt, MI
How long does it take to sell a home in Merritt, MI?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 203 Days | 66 Days | -67.5% |
Summary: Homes in Merritt had an average listing age of 66 days in Oct 2024, down by 67.5% compared to the previous year.
