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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Merced County is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Merced County, CA cost?

Median Sold Price

$392,613

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$56,835(+16.9%)

Key Takeaway

Homes in Merced County have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $241.5K$170K
-29.6%
2 $242.7K$264.9K
+9.1%
3 $319.9K$375K
+17.2%
4 $379.8K$435.5K
+14.6%
5+ $462K$545.5K
+18.1%

Median Sold Price Compared To Nearby Counties

Merced County
+16.9%
Madera County
+15.3%
Mariposa County
+12.3%
San Benito County
+10.6%

How many homes are available in Merced County, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
454466+2.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 13
+200.0%
2 6051
-15.0%
3 202210
+4.0%
4 147157
+6.8%
5+ 4445
+2.3%

Number of Homes Sold

Aug 2022Sep 2022%
10499-4.8%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Merced County, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
14 Days36 Days+157.7%

Breakdown of Home Sale Times

56 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Merced County 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 County, CA

Merced County, CA has 466 homes for sale to choose from. The number of homes for sale in Merced County, CA increased by 2.6% between August 2022 and September 2022. In September 2022, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $392,613. Real estate listing prices changed between August 2022 and September 2022: prices of 1 bedroom properties decreased by 29.6%, 2 bedrooms properties prices increased by 9.1%, prices of 3 bedrooms properties increased by 17.2%, the cost of 4 bedrooms properties went up by 14.6%, prices of 5 bedrooms properties went up by 18.1%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 200%, the quantity of 2 bedrooms homes went down by 15%, volume of 3 bedrooms homes went up by 4%, 4 bedrooms homes inventory increased by 6.8%, 5 bedrooms homes inventory increased by 2.3%. Over 17 listings were sold over their listed price in September 2022 in Merced County, CA. In the same period over 61 listings were sold below the listed price and 20 listings were sold for the listed price.

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