Is Merrill, MI 48637 a buyer’s or seller’s market?
Merrill is a seller’s market. With about 2.9 months of supply and 40% 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 Merrill housing market right now
In the three months ending August 31, 2026, 40% of homes in Merrill, MI 48637 sold above their list price, the typical home went under contract in 16 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (69 days then) and the median sale price rose 58% to $197,365. Overall, Merrill is more competitive than a year ago, so tougher for buyers.
Within Saginaw County, homes here sell faster than in 65% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Carrollton 48724 (0% sold over asking) or Frankenmuth 48734 (9% sold over asking), while Saginaw 48607 (100% sold over asking) and Hemlock 48626 (53% sold over asking) are even more competitive.
Run the numbers for 48637
Nearby markets
Birch Run 48415Seller’s market $162 /sq ftBrant 48614 $122 /sq ftBridgeport 48722Seller’s market $131 /sq ftBurt 48417Seller’s market $111 /sq ft Browse all markets →Towns like Merrill nearby
Find towns like Merrill in other states →Where Merrill is
Loading map…
Questions about Merrill real estate
Is Merrill a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Merrill, MI 48637 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 Merrill?
The typical home went under contract in 16 days in the latest three months.
Do homes in Merrill sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Merrill?
About 1.49% of a home’s value a year in Saginaw County, or roughly $5,960 on a $400,000 home.
What is the median home price in Merrill?
The median sale price was $197,365 in the three months ending August 31, 2026, about $131 per square foot.
Local agents
See all agents in 48637 →No sponsored agents in 48637 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 48637
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology