Is Merrimac, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Merrimac was a Neutral Market.
Housing Prices in Merrimac, MA
How much do homes in Merrimac, MA cost?
Median Sold Price
$622,500
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Merrimac was $622,500 in April 2024, up 8.3% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $354.5K | - | N/A |
2 Bedrooms | $429.5K | $639.9K | +49.0% |
3 Bedrooms | $547.5K | $549.5K | 0.4% |
4 Bedrooms | $844.5K | $699K | -17.2% |
5+ Bedrooms | $580K | $1.0M | +74.6% |
Summary: Merrimac housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 74.6%.
Median Sold Price Compared To Nearby Cities
Amesbury Town | $538.3K | $610K | +13.3% |
Amesbury | $538.3K | $610K | +13.3% |
Merrimac | $575K | $622.5K | +8.3% |
West Newbury | $807K | $810K | 0.4% |
Housing Supply in Merrimac, MA
How many homes are available in Merrimac, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Summary: The Merrimac real estate market had 19 homes for sale in April 2024, a 35.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merrimac housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Merrimac in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Merrimac, MA
How long does it take to sell a home in Merrimac, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 20 Days | -26.6% |
Summary: Homes in Merrimac had an average of 20 days on market in Apr 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Merrimac; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.