Is Merced County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Merced County has remained a Seller's Market.
Housing Prices in Merced County, CA
How much do homes in Merced County, CA cost?
Median Sold Price
$392,072
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Merced County was $392,072 in April 2024, up 0.7% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215.5K | $190K | -11.8% |
2 Bedrooms | $270K | $295.2K | +9.4% |
3 Bedrooms | $368.7K | $368.5K | -0.1% |
4 Bedrooms | $435K | $450K | +3.4% |
5+ Bedrooms | $520K | $520K | 0.0% |
Summary: Merced County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Madera County | $409.9K | $423.6K | +3.3% |
Mariposa County | $425K | $429K | +0.9% |
Merced County | $389.5K | $392K | +0.7% |
San Benito County | $768K | $754.8K | -1.7% |
Housing Supply in Merced County, CA
How many homes are available in Merced County, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
393 | 421 | +7.1% |
Summary: The Merced County real estate market had 421 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 35 | 39 | +11.4% |
3 Bedrooms | 195 | 205 | +5.1% |
4 Bedrooms | 124 | 133 | +7.3% |
5+ Bedrooms | 37 | 41 | +10.8% |
Summary: The Merced County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 113 | +6.6% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 113 homes were sold or pending in Merced County in April 2024, up by 6.6% month-over-month. Of the 113 sold homes, 35% were sold under asking, 33% were sold at asking, and 32% were sold over asking.
Days on Market for Merced County, CA
How long does it take to sell a home in Merced County, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 32 Days | -27.7% |
Summary: Homes in Merced County had an average of 32 days on market in Apr 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 113 homes were sold in Merced County; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.