Is Merrillan, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Merrillan is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Merrillan has remained a Seller's Market.

Key Takeaway

Merrillan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Merrillan, WI

How much do homes in Merrillan, WI cost?

Median Sold Price

$220,000

$133/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$54,500(-19.9%)

Key Takeaway

Homes in Merrillan have sold for 19.9% less than they did a month ago.

Summary: The median home sold price in Merrillan was $220,000 in November 2024, down 19.9% from last month, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$220K
N/A
4 $274.5K-
N/A
5+ --
N/A

Summary: Merrillan housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Merrillan, WI

How many homes are available in Merrillan, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The Merrillan real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 00
0.0%
3 67
+16.7%
4 20
-100.0%
5+ 00
0.0%

Summary: The Merrillan 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Merrillan, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Merrillan in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Merrillan, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Merrillan, WI

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