Housing Prices in Merkel, TX
How much do homes in Merkel, TX cost?
Median List Price
$184,731
$120/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Merkel has remained the same since last year.
Summary: The median home list price in Merkel was $184,731 in March 2024, down 0.1% from the previous year, and the median price per square foot was $120.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $114.9K | $104.9K | -8.7% |
| 3 Bedrooms | $185K | $194.5K | +5.1% |
| 4 Bedrooms | $295K | $257.4K | -12.7% |
| 5+ Bedrooms | $389K | $392.2K | +0.8% |
Summary: Merkel 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 decreased by 8.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in Merkel, TX
How many homes are available in Merkel, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Merkel real estate market had 20 homes for sale in March 2024, a 25.0% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merkel 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 decreased by 100%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Merkel, TX
How long does it take to sell a home in Merkel, TX?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 100 Days | 54 Days | -45.5% |
Summary: Homes in Merkel had an average listing age of 54 days in Mar 2024, down by 45.5% compared to the previous year.
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