Price Cuts Low Point in Merced Real Estate Market

There were 78 homes sold in the Merced market over the last 30 days. During the same period, the number of price reductions fell to their lowest level since April at 27. In comparison, Atwater had 11 price reductions in the same time frame, the most of all nearby cities. As the number of sellers reducing prices reached a bottom, prices also took a turn lower, with the median sales price falling to a three-month low at $216,500. With only two months of inventory and rising sales, Merced is a strong seller's market.

Looking to move to Merced, but at an economical price? You may want to start with these low-cost listings:

$105K   $107K   $130K  

Get started right now by checking out Merced homes for sale or reviewing Merced real estate trends.

Demographic facts for Merced:

  • The population density is 3,386.4 people per square mile in this area.
  • The lifestyle rating here is 45. (Scale: 1 = Worst, 100 = Best)
  • 74.9% of the residents travel to work in an automobile, 14.5% via carpool, and 0.7% by way of public transit.

Data reported through 10/12/2016

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Ask a local expert about this area:
Keller Williams Action Realty LLC
Snapped 2 homes in this area
London Properties 01942312
Snapped 31 homes in this area
Berkshire Hathaway HomeServices -www.AngelesLomeli.com
Snapped 2 homes in this area

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