Merced
Medium Price of a home
As of June 2023
May
2019 $270,000
May 2020 $274,900
May 2021 $333,250
May 2022 $387,000
May 2023 $380,000
Note:
Medium Price of a home in Merced Peaked in July 2022 at
$410,000
Note:
Medium Price of a home bottomed out in December 2022 at
$310,000
In
Short, Market continues to recover! only $30,000 shy of
its peak in July 2022 (last 5 years)
Days
to sell a house in Merced
As of June 2023
May
2019 35
May 2020 14
May 2021 8
May 2022 10
May 2023 19
Note:
Lowest amount of days to sell a house last 5 years is Sept
2021 at 7 days
Note:
Most amount of days to sell a house last 5 years was March
2019 at 61
Low
inventory is driving hot market, clearly a seller's market
Active
number of houses for sale in Merced
As of June 2023
May
2019 299
May 2020 232
May 2021 88
May 2022 176
May 2023 104
Note:
Most homes for sale in any month last 5 years was April
2019 at 314
Note:
Fewest amount of homes for sale in any month last 5 years
was December 2021 at 85
In
Short, Low Inventory = Seller's market |
