New Listing
14
$319,000
43 Skylark St
Merced, CA 95341
3 bd1 ba999 sqft$319/ft²
House3,585 sqft lot
Paulina Miramontes · HomeSmart PV & Associates
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Merced, CA Housing Market
Balanced market-1.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Merced, CA is worth $395,807, fell 1.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $405,000, +1.5% year over year (through May 2026). With 2.5 months of supply and homes going under contract in about 51 days, Merced is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $395,807 home is about $2,113/mo in principal and interest.
Key numbers for Merced, CA
Typical home value
$395,807
-1.0% in 12 months
Zillow, August 2026
Typical asking rent
$2,028/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$405,000
+1.5% year over year
Redfin, through May 2026
Days on market
51
Average pace
Redfin, through May 2026
Active listings
190
2.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$59,938
Home costs 6.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Merced a buyer's or seller's market?
Balanced market2.5 months of supply51 days on market98.4% of asking
Merced, CA is a balanced market, based on 2.5 months of supply and homes selling in about 51 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Merced housing market data show?
Every row below is Redfin's final published month for Merced, CA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $405,000 |
| Median list price | $427,932 |
| Year-over-year price change | +1.5% |
| Median price per sq ft | $250/sq ft |
| Median days on market | 51 days |
| Active inventory | 190 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 98.4% |
| Homes sold (that month) | 77 |
| New listings (that month) | 86 |
| Listings with a price cut | 28.9% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Merced is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Merced is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Merced home prices moved?
Over the last three years the median sale price in Merced, CA rose 5.5%, from $384,000 to $405,000. The live Zillow value series has fell 1.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 28.9% of Merced listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.5 months while the sale-to-list ratio slips below its current 98.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Merced?
Priced off the typical home value of $395,807 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $79,161 | $316,646 | $2,113/mo |
| 5% | $19,790 | $376,017 | $2,509/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,113, that implies roughly $90,559 a year before you add taxes and insurance. The median household in Merced earns $59,938, about $30,621 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Merced in the next 12 months?
Tell us your timeline. We send the Merced market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Merced?
Typical asking rent in Merced, CA is $2,028/mo, against a typical home value of $395,807. That is a price-to-rent ratio of 16.3x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,113 a month — $85 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Merced?
Active listings in Merced, CA went from 266 in May 2025 to 190 in May 2026, a -28.6% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 250 | 86 |
| July 2025 | 251 | 83 |
| August 2025 | 215 | 76 |
| September 2025 | 211 | 76 |
| October 2025 | 212 | 87 |
| November 2025 | 214 | 67 |
| December 2025 | 203 | 69 |
| January 2026 | 229 | 122 |
| February 2026 | 223 | 94 |
| March 2026 | 217 | 95 |
| April 2026 | 216 | 98 |
| May 2026 | 190 | 86 |
Redfin, through May 2026
How does Merced compare to California and the U.S.?
Against the national median of $410,700, Merced runs 1% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Merced, CA | $405,000 | +1.5% | 51 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Merced
What buyers should watch
- Months of supply, currently 2.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 28.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $396 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $395,807 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Merced listing goes under contract in 51 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Merced added 86 new listings against 77 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Merced varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Merced
There are currently 190 homes listed for sale in Merced, California. The median listing price is $428K. Featured listings range from $319,000 to $553,970.
New Listing
26
$347,000
2085 Coronado Ave
Merced, CA 95348
3 bd2 ba1,200 sqft$289/ft²
House8,394 sqft lot
Dalila Baptista · Lifestyle Realty
View photos & details
New Listing
9
$349,000
1570 E 26th St
Merced, CA 95340
3 bd2 ba1,024 sqft$341/ft²
House8,952 sqft lot
Gustavo Hernandez · All State Homes
View photos & details
New Build
9
$393,990
229 Travis Ct
Merced, CA 95341
3 bd2 ba1,290 sqft$305/ft²
House
View photos & details
New BuildPrice Drop −$4K
$425,990
272 Sable St
Merced, CA 95341
4 bd3 ba1,775 sqft$240/ft²
House
View photos & details
New BuildPrice Drop −$5K
$454,990
156 River Oak Dr
Merced, CA 95341
4 bd3 ba1,842 sqft$247/ft²
House
View photos & details
New Listing
24
$469,900
3951 Black Hawk Ct
Merced, CA 95340
4 bd2 ba1,941 sqft$242/ft²
House6,499 sqft lot
Melinda Price · London Properties LTD
View photos & details
New Build
$472,790
4726 Alexandra Ct
Merced, CA 95348
4 bd2 ba1,509 sqft$313/ft²
House
View photos & details
New Build
$474,990
4768 Alexandra Ct
Merced, CA 95348
4 bd2 ba1,509 sqft$315/ft²
House
View photos & details
New Build
$484,890
4792 Alexandra Ct
Merced, CA 95348
4 bd2 ba1,509 sqft$321/ft²
House
View photos & details
New Listing
23
$487,000
4639 Sami Jo Dr
Merced, CA 95348
4 bd2 ba1,885 sqft$258/ft²
House5,123 sqft lot
Armando Diaz · Soldavi Inc.
View photos & details
New Build
$553,970
4147 Scarlet Ct
Merced, CA 95348
5 bd3 ba2,287 sqft$242/ft²
House
View photos & details
Looking to buy in Merced?
Get connected with a local real estate expert — free, no obligation.
Active listings
190
Homes on market
Median list price
$428K
Avg. days on market
51
Days until sale
New this week
86
Newly listed
Price drops:28.9%of listings
Sale-to-list:98.4%
How much do homes cost in Merced by property type?
How the Merced, CA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $402,475 | $257/sq ft | 68 | 49 days |
| Condo / co-op | $270,000 | $199/sq ft | 3 | 142 days |
| Townhouse | $275,000 | $240/sq ft | 1 | 7 days |
Who lives in Merced?
American Community Survey estimates for Merced. U.S. Census ACS, 2023
Population
89,766
Households
27,482
Median income
$59,938/yr
Median age
29.8 years
Owner-occupied
44.4%
Median home value
$347,700
Median gross rent
$1,293/mo
Mean commute
26.9 min
44.4% of occupied homes in Merced are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $347,700 against Zillow's $395,807 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,293/mo, below Zillow's $2,028/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Merced?
32 schools tracked · 21,361 students
The largest public schools serving Merced, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Golden Valley High
Grades 9-12 · 1,955 students
Merced High
Grades 9-12 · 1,951 students
El Capitan High
Grades 9-12 · 1,811 students
Pioneer Elementary
Grades K-5 · 1,062 students
Weaver Middle
Grades 6-8 · 1,000 students
Farmdale Elementary
Grades K-5 · 970 students
McSwain Elementary
Grades K-8 · 939 students
Rudolph Rivera Elementary
Grades K-6 · 894 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Merced, CA?
Ordered by distance from Merced, not by size. Compare Merced side by side with any of them.
Which ZIP codes are in Merced?
These are the ZIP codes we see on active Merced listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Merced housing market FAQ
Is Merced a buyer's or seller's market?
Merced, CA is currently a balanced market. That read comes from 2.5 months of supply, homes going under contract in about 51 days, and sellers getting 98.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Merced?
The typical home in Merced, CA is worth $395,807 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $405,000, about $250 per square foot.
Is Merced cheaper than the rest of California?
We do not currently hold a statewide comparison row for California at the same period as Merced, so we are not going to assert a comparison we cannot show the math on. The California hub lists every city we do track.
How long do homes take to sell in Merced?
Homes in Merced, CA spent a median of 51 days on market before going under contract. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Merced?
At the current 30-year fixed rate of 7.03%, 20% down on a $395,807 home is about $2,113 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $90,559 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $59,938.
Are home prices rising in Merced?
The typical home value in Merced, CA fell 1.0% over the last 12 months, from $399,998 to $395,807 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Merced?
Merced ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Merced?
That depends on your timeline, not on a headline. What the data says today: Merced, CA is a balanced market with 2.5 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 16.3x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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