Is Merrifield, VA 22116 a buyer’s or seller’s market?
Merrifield is a seller’s market. With about 1.1 months of supply and 67% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Merrifield housing market right now
In the three months ending August 31, 2026, 67% of homes in Merrifield, VA 22116 sold above their list price, the typical home went under contract in 12 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (37 days then) and the median sale price rose 25% to $1,109,520. Overall, Merrifield is more competitive than a year ago, so tougher for buyers.
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Where Merrifield is
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Questions about Merrifield real estate
Is Merrifield a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Merrifield, VA 22116 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Merrifield?
The typical home went under contract in 12 days in the latest three months.
Do homes in Merrifield sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 100.5% of the list price.
What is the median home price in Merrifield?
The median sale price was $1,109,520 in the three months ending August 31, 2026, about $574 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology