Merrill, MI Home Values & Market Trends
Real estate market trends reflect that there have been 60 transactions over the past year in Merrill. The median value for residential home transactions that occurred over the previous year is $181,111.07. The number of current listings in Merrill is 5, and the percentage of properties for sale in the city is 5.00%. Merrill, MI currently has 3 properties in foreclosure, 2 bank owned properties, 1 properties headed for auction, and 5 properties for sale.
Merrill, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
48637 | $ 140,228 $ 92/sqft |
Housing Market Summary for Merrill, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $184.5K | $189.7K | 2.82% |
Median Sold Price | $142.2K | $189.7K | 33.37% |
Homes For Sale | 3 | 1 | -66.67% |
Homes Sold | 50 | 40 | -20.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Merrill, MI
Browse Homes in Merrill, MI
Merrill home values range from $19,410 to $2,410,745. The median estimated value of a home in Merrill is $181,111.07. The median list price of a home is 163,500, and the total count of properties in the city is 1,688.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Merrill, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Merrill, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Merrill, MI ranges from the highest value of $286,573 in 48637 to the lowest value of $148,343 in 48637. Bank owned homes and properties account for 0.12% of properties in Merrill, MI. There is 1 zips within Merrill, MI; 48637 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48637 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Merrill, MI. Auction homes and other auction properties account for 0.06% of all properties in Merrill, MI. There is 1 zips within Merrill, MI; of that zips, the median estimated home value for homes going to auction ranges from $198,773 in 48637 to the lowest value of $198,773 in 48637.
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More Real Estate Resources for Merrill, MI
Guide for Merrill, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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