Is Merrimac, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Merrimac was a Neutral Market.
Key Takeaway
Merrimac is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Merrimac, WI
How much do homes in Merrimac, WI cost?
Median Sold Price
$429,950
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Merrimac have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Merrimac was $429,950 in March 2024, up 7.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.5K | $1.2M | +966.7% |
| 2 Bedrooms | $260K | $270K | +3.8% |
| 3 Bedrooms | $432.5K | $479.5K | +10.9% |
| 4 Bedrooms | $557.5K | $650K | +16.6% |
| 5+ Bedrooms | - | $566.9K | N/A |
Summary: Merrimac housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 966.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes did not change.
Housing Supply in Merrimac, WI
How many homes are available in Merrimac, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Merrimac real estate market had 20 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 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 increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Merrimac, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Merrimac in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Merrimac, WI
We’re sorry, we don't have information for this market at the moment
