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Featured local agent — Merrill, MI
Sarah Mitchell
Compass Real Estate · Merrill, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Merrill, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$124,900median sale price
How is the Merrill, MI housing market right now?
The median home sale price in Merrill, MI is $124,900, up 51.4% year-over-year. Homes sell in an average of 7 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of January 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Merrill a buyer's or seller's market?
Merrill, MI is currently a balanced market and homes selling in about 7 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
7
Fast-moving
Active listings
—
Sale-to-list
100.0%
Above asking
What does the Merrill housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $124,900 |
| Year-over-year price change | +51.4% |
| Average days on market | 7 days |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $135/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Merrill by property type?
How the Merrill, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $124,900 | $135/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The Merrill housing market is currently classified as a balanced market with a median sale price of $124,900. Prices have risen 51.4% compared to last year, with homes spending an average of 7 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Merrill
Explore homes currently listed for sale in Merrill, Michigan across major real estate platforms.
Who lives in Merrill?
Population
825
Median income
$47,000/yr
Median age
38.4 years
Owner-occupied
77.0%
College grads
13.2%
Avg commute
28.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Merrill?
Zillow home value
$210,550
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Merrill?
Merrill is a community of approximately 1K residents with a median age of 38.4 years.The median household income is $47,000, which represents a working-class community with solid middle-income opportunities. 13.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Merrill offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Merrill?
3 schools tracked · 489 students
The largest public schools serving Merrill, MI 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.
Merrill Elementary School
Grades PK-5 · 190 students
Merrill High School
Grades 9-12 · 177 students
Merrill Middle School
Grades 6-8 · 122 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 Merrill, MI?
Want a head-to-head view? Compare Merrill side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Merrill?
The median home sale price in Merrill is $124,900, up 51.4% from last year.
How long do homes stay on market in Merrill?
Homes typically spend 7 days on market before going under contract.
What is the median income in Merrill?
The median household income is $47,000 per year.
What is the Zillow home value estimate for Merrill?
The Zillow Home Value Index (ZHVI) for Merrill is $210,550, representing the typical home value in the area.
How much does a single-family home cost in Merrill?
The median single-family home price in Merrill, MI is $124,900 (about $135 per square foot).
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