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Is Merlin, OR 97532 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Merlin is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.5%Sold price ÷ list price
Median days on market32Listing to accepted offer
Median price per sq ft$281▲ +13.5% vs. last year

The Merlin housing market right now

In the three months ending August 31, 2026, 0% of homes in Merlin, OR 97532 sold above their list price, the typical home went under contract in 32 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 7 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (13 days then) and the median sale price rose 13% to $612,735. Overall, Merlin is less competitive than a year ago, which gives buyers more room.

Within Josephine County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.

Nearby, Wilderville 97543 (33% sold over asking) and Grants Pass 97526 (16% sold over asking) are even more competitive.

Run the numbers for 97532

Prefilled for 97532Can I win this house?Multiple-offer likelihood for a listing Prefilled for 97532Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cave Junction 97523Buyer’s market $213 /sq ftGrants Pass 97526Balanced $251 /sq ftGrants Pass 97527Balanced $264 /sq ftKerby 97531Buyer’s market $255 /sq ft Browse all markets →

Towns like Merlin nearby

Find towns like Merlin in other states →
Gold Hill, OR97525 · 19 miles away67% similarlarger · 10 min shorter commute Rogue River, OR97537 · 15 miles away64% similarcheaper homes ($48K less) · larger Williams, OR97544 · 23 miles away63% similarlower income ($26K less) · pricier homes ($118K more) Eagle Point, OR97524 · 32 miles away52% similarlarger · younger residents

Where Merlin is

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Questions about Merlin real estate

Is Merlin a buyer’s or seller’s market?

A balanced market: there were 5 months of supply in Merlin, OR 97532 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 Merlin?

The typical home went under contract in 32 days in the latest three months.

Do homes in Merlin sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.

What are property taxes in Merlin?

About 0.52% of a home’s value a year in Josephine County, or roughly $2,080 on a $400,000 home.

What is the median home price in Merlin?

The median sale price was $612,735 in the three months ending August 31, 2026, about $281 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