Is Merrimac, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Merrimac has remained a Seller's Market.
Housing Prices in Merrimac, MA
How much do homes in Merrimac, MA cost?
Median Sold Price
$615,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Merrimac was $615,000 in March 2024, up 12.3% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $354.5K | - | N/A |
2 Bedrooms | $410K | $639.9K | +56.1% |
3 Bedrooms | $512K | $555K | +8.4% |
4 Bedrooms | $789K | $699K | -11.4% |
5+ Bedrooms | $580K | $1.0M | +74.6% |
Summary: Merrimac housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.1%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 74.6%.
Median Sold Price Compared To Nearby Cities
Merrimac | $547.5K | $615K | +12.3% |
Amesbury Town | $542.7K | $578.5K | +6.6% |
Amesbury | $542.7K | $578.5K | +6.6% |
West Newbury | $793.5K | $770K | -3.0% |
Housing Supply in Merrimac, MA
How many homes are available in Merrimac, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Summary: The Merrimac real estate market had 14 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Merrimac housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Merrimac in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 23 Days | -54.9% |
Summary: Homes in Merrimac had an average of 23 days on market in Mar 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Merrimac; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.