Is Merrill, OR 97633 a buyer’s or seller’s market?
Merrill is a seller’s market. With about 3.2 months of supply and 50% 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 Merrill housing market right now
In the three months ending August 31, 2026, 50% of homes in Merrill, OR 97633 sold above their list price, the typical home went under contract in 70 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold more slowly (51 days then) and the median sale price rose 80% to $334,355. Overall, Merrill is more competitive than a year ago, so tougher for buyers.
Within Klamath County, homes here sell more slowly than in 54% of the county’s ZIP codes, and sell more often over asking than in 92%.
Nearby, buyers who want less competition could look at Gilchrist 97737 (0% sold over asking) or Chemult 97731 (0% sold over asking), while Sprague River 97639 (100% sold over asking) is even more competitive.
Run the numbers for 97633
Nearby markets
Beatty 97621Seller’s market $172 /sq ftBly 97622Buyer’s market $81 /sq ftBonanza 97623Buyer’s market $110 /sq ftChemult 97731Buyer’s market $462 /sq ft Browse all markets →Towns like Merrill nearby
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Questions about Merrill real estate
Is Merrill a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Merrill, OR 97633 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 70 days in the latest three months.
Do homes in Merrill sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.7% of the list price.
What are property taxes in Merrill?
About 0.62% of a home’s value a year in Klamath County, or roughly $2,480 on a $400,000 home.
What is the median home price in Merrill?
The median sale price was $334,355 in the three months ending August 31, 2026, about $152 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