Is Mercer, ND 58559 a buyer’s or seller’s market?
Mercer is a seller’s market. With about 1.1 months of supply and 0% 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 Mercer housing market right now
In the three months ending August 31, 2026, 0% of homes in Mercer, ND 58559 sold above their list price, the typical home went under contract in 10 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.
Within McLean County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Washburn 58577 (17% sold over asking) is even more competitive.
Run the numbers for 58559
Nearby markets
Benedict 58716 $116 /sq ftColeharbor 58531Balanced $231 /sq ftGarrison 58540Balanced $207 /sq ftMax 58759 — /sq ft Browse all markets →Where Mercer is
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Questions about Mercer real estate
Is Mercer a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Mercer, ND 58559 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 Mercer?
The typical home went under contract in 10 days in the latest three months.
Do homes in Mercer sell over asking?
0% of homes sold above their original list price.
What are property taxes in Mercer?
About 0.76% of a home’s value a year in McLean County, or roughly $3,040 on a $400,000 home.
What is the median home price in Mercer?
The median sale price was $399,727 in the three months ending August 31, 2026, about $273 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