Is Merrifield, MN 56465 a buyer’s or seller’s market?

The Merrifield housing market right now

In the three months ending August 31, 2026, 42% of homes in Merrifield, MN 56465 sold above their list price, the typical home went under contract in 27 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 20 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold more slowly (20 days then) and the median sale price rose 123% to $706,794. Overall, Merrifield is more competitive than a year ago, so tougher for buyers.

Within Crow Wing County, homes here sell faster than in 64% of the county’s ZIP codes, and sell more often over asking than in 73%. On our competition score, Merrifield ranks #180 of 296 MN ZIP codes with enough sales (score 64 out of 100).

Nearby, buyers who want less competition could look at Garrison 56450 (8% sold over asking) or Crosslake 56442 (15% sold over asking), while Fifty Lakes 56448 (57% sold over asking) and Ironton 56455 (45% sold over asking) are even more competitive.