Is Merrill, WI 54452 a buyer’s or seller’s market?
Merrill is a seller’s market. With about 2.7 months of supply and 47% 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.
More competitive than 78% of U.S. ZIP codes, and #107 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Merrill housing market right now
In the three months ending August 31, 2026, 47% of homes in Merrill, WI 54452 sold above their list price, the typical home went under contract in 47 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 68 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 31%, homes sold faster (56 days then) and the median sale price rose 26% to $264,885. Overall, Merrill is more competitive than a year ago, so tougher for buyers.
On our competition score, Merrill ranks #107 of 319 WI ZIP codes with enough sales (score 73 out of 100).
Nearby, buyers who want less competition could look at Irma 54442 (0% sold over asking) or Tomahawk 54487 (22% sold over asking).
Run the numbers for 54452
Nearby markets
Gleason 54435Seller’s market $229 /sq ftIrma 54442Buyer’s market $209 /sq ftTomahawk 54487Seller’s market $222 /sq ft Browse all markets →Towns like Merrill nearby
Find towns like Merrill in other states →Where Merrill is
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Questions about Merrill real estate
Is Merrill a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Merrill, WI 54452 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 47 days in the latest three months.
Do homes in Merrill sell over asking?
47% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Merrill?
About 1.32% of a home’s value a year in Lincoln County, or roughly $5,280 on a $400,000 home.
What is the median home price in Merrill?
The median sale price was $264,885 in the three months ending August 31, 2026, about $145 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