Is Merrimac, MA 01860 a buyer’s or seller’s market?

The Merrimac housing market right now

In the three months ending August 31, 2026, 25% of homes in Merrimac, MA 01860 sold above their list price, the typical home went under contract in 36 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 67%, homes sold more slowly (22 days then) and the median sale price fell 3% to $697,198. Overall, Merrimac is less competitive than a year ago, which gives buyers more room.

Within Essex County, homes here sell more slowly than in 93% of the county’s ZIP codes, and sell less often over asking than in 93%. On our competition score, Merrimac ranks #296 of 362 MA ZIP codes with enough sales (score 65 out of 100).

Nearby, buyers who want less competition could look at Nahant 01908 (0% sold over asking) or Lynn 01901 (0% sold over asking), while Groveland 01834 (74% sold over asking) and Wenham 01984 (71% sold over asking) are even more competitive.