Is Merrimac, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Merrimac is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Merrimac, MA cost?

Median Sold Price

$540,000

$275/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$10,050(+1.9%)

Key Takeaway

Homes in Merrimac have sold for 1.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$365K
N/A
2 $419.9K$377.5K
-10.1%
3 $530K$500K
-5.7%
4 $697.5K$755K
+8.2%
5+ $520K$580K
+11.5%

Median Sold Price Compared To Nearby Cities

Amesbury Town
+14.7%
Amesbury
+14.7%
Merrimac
+1.9%
West Newbury
-3.1%

How many homes are available in Merrimac, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
2119-9.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 65
-16.7%
3 88
0.0%
4 54
-20.0%
5+ 12
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Merrimac, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days29 Days+21.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Merrimac has remained consistent over time.

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

About Merrimac, MA

Number of homes for sale in Merrimac, MA real estate market have reached 19. In November 2022 in Merrimac, MA there were 9.5% less homes for sale than in October 2022. Listings spent 29 days on the market in November 2022, and had a median list price of $540,000 during the same period. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties decreased by 10.1%, 3 bedrooms properties became 5.7% more cheaper, 4 bedrooms properties prices increased by 8.2%, the cost of 5 bedrooms properties went up by 11.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% less available, 2 bedrooms homes became 16.7% less available, 3 bedrooms homes did not move, number of 4 bedrooms homes decreased by 20%, 5 bedrooms homes inventory increased by 100%. While more than 1 listings in Merrimac, MA in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 4 were sold below.

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