CA · Metro #177

Merced - CA housing market

The Merced metro has a typical home value of $418,997, down 1.3% from a year ago. Homes sell in 23 days on average, a balanced market. Data from Zillow Research, updated monthly.

Typical home value
$418,997
-1.3% vs. year ago
Median sale price
$408,736
-1.1% YoY
Median list price
$439,817
Sale-to-list ratio
99.1%
Selling below ask
Days on market
23d
Listings w/ price cut
19.0%
New listings / mo
176
-16.6% YoY
Homes for sale
567
-2.4% YoY
Typical rent
$2,010/mo
+2.2% YoY
Context

How to read this data

The typical home value ($418,997) is the Zillow Home Value Index for the Merced - CA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 1.3% over the past year. A home worth $424,516 last year is now worth roughly $418,997.

The median sale price , what homes actually close for , is $408,736. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.

Homes listed in Merced - CA sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 176 new listings hit the market each month in Merced - CA. There are currently 567 homes for sale, down 2.4% from a year ago.

The typical monthly rent in Merced - CA is $2,010, up 2.2% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in CA

MetroHome value1-yr changeDays on market
Los Angeles - CA$968,028 +0.6% 21.0d
San Francisco - CA$1,142,320 +0.1% 15.0d
Riverside - CA$586,047 -0.6% 26.0d
San Diego - CA$940,998 -0.6% 17.0d
Sacramento - CA$584,122 -1.3% 14.0d
San Jose - CA$1,583,961 -0.9% 16.0d
Get new posts in your inbox. No spam, unsubscribe anytime.