$23,400
5.00 Acres
Land
#22500091, TINA DENGEL, Listing Office: RIVERSBEND REALTY GROUP LLC
Is Merrill, WI 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, WI
How much do homes in Merrill, WI cost?
Median Sold Price
$215,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$42,000(+24.3%)
Key Takeaway
Homes in Merrill have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Merrill was $215,000 in December 2024, up 24.3% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127.7K | $160K | +25.2% |
| 3 Bedrooms | $185.5K | $215K | +15.9% |
| 4 Bedrooms | $192K | $262.9K | +36.9% |
| 5+ Bedrooms | $401.2K | $293.7K | -26.8% |
Summary: Merrill housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 36.9%, and 5+ bedroom homes decreased by 26.8%.
Housing Supply in Merrill, WI
How many homes are available in Merrill, WI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 59 | 55 | -6.8% |
Summary: The Merrill real estate market had 55 homes for sale in December 2024, a 6.8% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 40 | 39 | -2.5% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
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 12.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 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 16 homes were sold or pending in Merrill in December 2024, up by 45.5% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% 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
