Is Merced, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Merced is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Merced has remained a Seller's Market.

Key Takeaway

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

How much do homes in Merced, CA cost?

Median Sold Price

$379,985

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$62,911(+19.8%)

Key Takeaway

Homes in Merced have sold for 19.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $254K$210K
-17.3%
2 $230K$255.5K
+11.1%
3 $296.5K$370K
+24.8%
4 $360K$425K
+18.1%
5+ $442.5K$528.7K
+19.5%

How many homes are available in Merced, CA?

Number of Homes For Sale

Jul 2022Aug 2022%
224212-5.4%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 3734
-8.1%
3 10093
-7.0%
4 6865
-4.4%
5+ 1819
+5.6%

Number of Homes Sold

Jul 2022Aug 2022%
5247-9.6%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Merced, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
14 Days21 Days+53.6%

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Merced are selling fast, if you're buying plan to act quickly.

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

About Merced, CA

Merced, CA has 212 homes on the market. The number of listings in Merced, CA decreased by 5.4% between July 2022 and August 2022. While the average time on the market in August 2022 was 21 days, the median list price was $379,985. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went down by 17.3%, prices of 2 bedrooms properties increased by 11.1%, 3 bedrooms properties prices increased by 24.8%, prices of 4 bedrooms properties increased by 18.1%, 5 bedrooms properties prices increased by 19.5%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 8.1%, number of 3 bedrooms homes decreased by 7%, the quantity of 4 bedrooms homes went down by 4.4%, number of 5 bedrooms homes increased by 5.6%. In August 2022, from all listings sold in Merced, CA there were more than 13 sold above asking price, over 20 sold below and more than 14 were sold right at the asked price.