Is Merced, CA 95340 a buyer’s or seller’s market?

The Merced housing market right now

In the three months ending August 31, 2026, 25% of homes in Merced, CA 95340 sold above their list price, the typical home went under contract in 34 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 118 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold about as fast and the median sale price fell 4% to $409,823. Overall, Merced is less competitive than a year ago, which gives buyers more room.

Within Merced County, homes here sell faster than in 62% of the county’s ZIP codes, and sell less often over asking than in 54%. On our competition score, Merced ranks #732 of 1,069 CA ZIP codes with enough sales (score 54 out of 100).

Nearby, buyers who want less competition could look at Cressey 95312 (0% sold over asking) or Delhi 95315 (14% sold over asking), while Planada 95365 (100% sold over asking) and Gustine 95322 (38% sold over asking) are even more competitive.