$1,661 Closing Credit*
$139,900
#22405494, TYNAN ANDERSON, Listing Office: CENTURY 21 BEST WAY
Is Merrill, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Merrill was a Seller's Market.
Key Takeaway
Merrill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Merrill, WI
How much do homes in Merrill, WI cost?
Median Sold Price
$153,500
$116/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$51,500(-25.1%)
Key Takeaway
Homes in Merrill have sold for 25.1% less than they did a month ago.
Summary: The median home sold price in Merrill was $153,500 in October 2024, down 25.1% from last month, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $180K | +12.5% |
| 3 Bedrooms | $269.9K | $131K | -51.5% |
| 4 Bedrooms | $317.5K | $258K | -18.7% |
| 5+ Bedrooms | $267K | - | N/A |
Summary: Merrill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 51.5%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pine River | $223K | $287.5K | +28.9% |
| Merrill | $205K | $153.5K | -25.1% |
Housing Supply in Merrill, WI
How many homes are available in Merrill, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Summary: The Merrill real estate market had 64 homes for sale in October 2024, a 1.6% 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 | 11 | 8 | -27.3% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Merrill 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 decreased by 27.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
6 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. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Merrill in October 2024, down by 38.5% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Merrill, WI
We’re sorry, we don't have information for this market at the moment
