$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
$169,000
$131/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
-$23,500(-12.2%)
Key Takeaway
The list price of homes in Merritt has decreased by 12.2% since last year.
Summary: The median home list price in Merritt was $169,000 in November 2024, down 12.2% from the previous year, and the median price per square foot was $131.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $181.5K | $247K | +36.1% |
| 3 Bedrooms | $259.9K | $207.4K | -20.2% |
| 4 Bedrooms | $146.2K | $99.9K | -31.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Merritt 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 36.1%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes decreased by 31.7%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Lake Township | $189.9K | $190K | 0.0% |
| Merritt | $192.5K | $169K | -12.2% |
Housing Supply in Merritt, MI
How many homes are available in Merritt, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Summary: The Merritt real estate market had 1 homes for sale in November 2024, a 50.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merritt 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 100%, 3 bedroom homes remained the same, 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 220 Days | 40 Days | -81.8% |
Summary: Homes in Merritt had an average listing age of 40 days in Nov 2024, down by 81.8% compared to the previous year.
