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

Housing Market Conditions



Gauge showing Merced is a seller's market


Difference Since May 2023

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.

Housing Prices in Merced, CA

How much do homes in Merced, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Merced have sold for 1% more than they did a year ago.

Summary: The median home sold price in Merced was $385,000 in May 2024, up 1% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $220K$170K
2 $270.2K$295K
3 $360K$365K
4 $422.5K$434.7K
5+ $497.5K$510K

Summary: Merced housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.7%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.5%.

Housing Supply in Merced, CA

How many homes are available in Merced, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Merced real estate market had 238 homes for sale in May 2024, a 3.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
2 2018
3 116110
4 7675
5+ 3332

Summary: The Merced housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 3%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

26 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. 43.8% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in Merced in May 2024, down by 1.5% month-over-month. Of the 64 sold homes, 44% were sold under asking, 16% were sold at asking, and 41% were sold over asking.

Days on Market for Merced, CA

How long does it take to sell a home in Merced, CA?

Average Sale Time

May 2023May 2024CHANGE
46 Days33 Days-26.6%

Summary: Homes in Merced had an average of 33 days on market in May 2024, down by 26.6% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 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.

Summary: During May 2024, 65 homes were sold in Merced; 69% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

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

Report Updated 19 Days Ago

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