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Featured local agent — Merrill, WI
Sarah Mitchell
Compass Real Estate · Merrill, WI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Merrill, WI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$202,000median sale price
How is the Merrill, WI housing market right now?
The median home sale price in Merrill, WI is $202,000, down 5.4% year-over-year. Homes sell in an average of 36 days with 33 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 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, WI is currently a balanced market, based on 3.3 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
36
Average pace
Active listings
33
3.3 months supply
Sale-to-list
99.1%
Below asking
What does the Merrill housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $202,000 |
| Median list price | $207,450 |
| Year-over-year price change | -5.4% |
| Average days on market | 36 days |
| Active inventory | 33 listings |
| Months of supply | 3.3 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $143/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 14 |
| Listings with a price cut | 21.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Merrill by property type?
How the Merrill, WI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $202,000 | $143/sq ft | 9 | 36 days |
| Condo / Co-op | $132,800 | $114/sq ft | 1 | 108 days |
Source: Redfin · Updated monthly
The Merrill housing market is currently classified as a balanced market with a median sale price of $202,000. Prices have fallen 5.4% compared to last year, with homes spending an average of 36 days on market, indicating 3.3 months of inventory.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
There are currently 33 homes listed for sale in Merrill, Wisconsin. The median listing price is $207K.
Active listings
33
Homes on market
Median list price
$207K
Avg. days on market
36
Days until sale
New this week
14
Newly listed
Who lives in Merrill?
Population
9,224
Median income
$49,947/yr
Median age
43.4 years
Owner-occupied
60.7%
College grads
14.8%
Avg commute
17.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Merrill?
Zillow home value
$222,379
Zillow rent index
$850/mo
Price-to-rent ratio
21.8x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Merrill?
Merrill is a community of approximately 9K residents with a median age of 43.4 years.The median household income is $49,947, which represents a working-class community with solid middle-income opportunities. 14.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.7%, showing a blend of owner and renter-occupied properties. The average commute time is 17.9 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?
7 schools tracked · 2,798 students
The largest public schools serving Merrill, WI 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 High
Grades 9-12 · 795 students
Bridges Virtual Academy
Grades PK-12 · 697 students
Prairie River Middle
Grades 5-8 · 541 students
Kate Goodrich Elementary
Grades K-2 · 358 students
Washington Elementary
Grades 3-4 · 249 students
Pine River School for Young Learners (PRSYL)
Grades PK · 133 students
Merrill Adult Diploma Academy
Grades 10-12 · 25 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, WI?
Want a head-to-head view? Compare Merrill side-by-side with any other U.S. city using our market-comparison tool.
Is Merrill a good real estate investment market?
For investors evaluating Merrill, the price-to-rent ratio of 21.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 5.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Merrill's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Merrill's median home price.
Frequently asked questions
What is the average home price in Merrill?
The median home sale price in Merrill is $202,000, down 5.4% from last year.
How long do homes stay on market in Merrill?
Homes typically spend 36 days on market before going under contract.
What is the median income in Merrill?
The median household income is $49,947 per year.
Is Merrill a buyer's or seller's market?
With 3.3 months of supply, Merrill is currently a balanced market.
What is the Zillow home value estimate for Merrill?
The Zillow Home Value Index (ZHVI) for Merrill is $222,379, representing the typical home value in the area.
What is the median condo price in Merrill?
The median condo/co-op sale price in Merrill, WI is $132,800, compared to $202,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Merrill?
The median single-family home price in Merrill, WI is $202,000 (about $143 per square foot).
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