Is Merrill Township, MI 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, Merrill Township has remained a Seller's Market.
Housing Prices in Merrill Township, MI
How much do homes in Merrill Township, MI cost?
Median Sold Price
$160,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Merrill Township was $160,000 in April 2024, up 6.7% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $155K | +55.0% |
2 Bedrooms | $150K | $99K | -34.0% |
3 Bedrooms | $129.9K | $182.7K | +40.7% |
4 Bedrooms | $159K | $158.5K | -0.3% |
5+ Bedrooms | - | $134.9K | N/A |
Summary: Merrill Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55%, 2 bedroom homes decreased by 34%, 3 bedroom homes increased by 40.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Monroe Township | $170K | $210K | +23.5% |
Merrill Township | $150K | $160K | +6.7% |
Lincoln Township | $220K | $162.5K | -26.1% |
Housing Supply in Merrill Township, MI
How many homes are available in Merrill Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 16 | +100.0% |
Summary: The Merrill Township real estate market had 16 homes for sale in April 2024, a 100.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 3 | 8 | +166.7% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merrill Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 166.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Merrill Township in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Merrill Township, MI
How long does it take to sell a home in Merrill Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Merrill Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.