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October 2024 Real Estate Report
145 Total
Homes For Sale
Homes For Sale
68 Homes
Added to the Market
Added to the Market
54 Homes
Sold
Sold
Compared to Previous Month
1%
More Homes For Sale
17%
More Homes Sold
Last month in October, housing in Merced, CA ended with 68 homes being added to the market for sale, for a cumulative monthly total of 145 homes for sale - up 1% compared to September. Merced, CA had a total of 54 homes sold for the month - up 17% from the month prior.
Detached led the way in homes sold with a total of 53 - up 15%, while attached totaled 1 in closed sales - even from the month of September. The number of detached properties sold under 1500 square feet totaled 29 for the month of October, while homes from 1500 to 2000 square feet recorded 16 sales and homes sized from 2000 to 2500 square feet had 4 sales. While homes from 2500 to 3000 square feet square feet recorded 4 homes sold. The following ranges for detached homes all had no sales: 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.
The number of attached homes sold under 1500 square feet numbered 1. The following ranges for attached homes all had no sales: 1500 to 2000, 2000 to 2500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.
When are the most homes sold in Merced, CA?
June:
70 Homes Sold
The last 12 month period for the city of Merced, CA shows that the greatest number of homes were sold during the months of March 2024, June 2024 and August 2024. The months of March 2024, June 2024 and August 2024 had 65 - 70 and 63 homes sold, respectively, as compared to an average of 50 for the other months of the year.
When do homes sell the fastest in Merced, CA?
June:
18 Days On Market
The last 12 month period for the city of Merced, CA shows that homes sold the fastest during the months of June 2024, July 2024 and August 2024. The months of June 2024, July 2024 and August 2024 had 18 - 23 and 25 days on market, respectively, as compared to an average of 30 for the other months of the year.
Average Price Of Homes Sold In Merced, CA
By Size Category
Average Sold Price
Average Price Per Square Foot
Average Price Of Homes Sold In Merced, CA
By Year
Average Sold Price
Average Price Per Square Foot
| Number of homes sold in Merced, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | 43 | 56 | 65 | 63 | 63 | 70 | 59 | 63 | 45 | 54 | - | - | 581 |
| 2023 | 31 | 31 | 54 | 46 | 46 | 65 | 59 | 52 | 58 | 62 | 33 | 36 | 573 |
| 2022 | 67 | 44 | 89 | 83 | 62 | 89 | 62 | 56 | 57 | 57 | 55 | 50 | 771 |
| 2021 | 74 | 58 | 102 | 80 | 89 | 96 | 84 | 86 | 86 | 90 | 91 | 76 | 1012 |
| 2020 | 69 | 90 | 81 | 80 | 85 | 89 | 119 | 92 | 88 | 107 | 73 | 76 | 1049 |
| 2019 | 58 | 56 | 70 | 93 | 107 | 98 | 105 | 106 | 92 | 100 | 87 | 92 | 1064 |
| 2018 | 55 | 50 | 64 | 60 | 89 | 100 | 90 | 87 | 65 | 83 | 70 | 81 | 894 |
| 2017 | 54 | 54 | 66 | 61 | 83 | 80 | 75 | 93 | 86 | 76 | 67 | 62 | 857 |
| Average Days On Market (DOM) In Merced, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
| 2024 | 29 | 37 | 29 | 28 | 26 | 18 | 23 | 25 | 31 | 28 | - | - | 27 |
| 2023 | 35 | 38 | 43 | 43 | 23 | 30 | 30 | 26 | 19 | 31 | 32 | 26 | 31 |
| 2022 | 12 | 14 | 12 | 14 | 19 | 14 | 19 | 19 | 32 | 50 | 29 | 35 | 22 |
| 2021 | 19 | 19 | 19 | 14 | 12 | 11 | 12 | 12 | 13 | 14 | 15 | 13 | 14 |
| 2020 | 34 | 47 | 30 | 26 | 19 | 23 | 22 | 28 | 29 | 15 | 21 | 28 | 27 |
| 2019 | 46 | 50 | 58 | 47 | 48 | 34 | 42 | 46 | 29 | 37 | 33 | 40 | 42 |
| 2018 | 27 | 36 | 25 | 39 | 29 | 28 | 30 | 37 | 23 | 33 | 34 | 37 | 32 |
| 2017 | 24 | 27 | 30 | 45 | 28 | 34 | 24 | 25 | 28 | 26 | 34 | 43 | 31 |
| Average Days From List To Close Of Escrow In Merced, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
| 2024 | 82 | 98 | 73 | 86 | 64 | 59 | 66 | 79 | 80 | 74 | - | - | 76 |
| 2023 | 94 | 85 | 93 | 86 | 87 | 74 | 75 | 76 | 70 | 79 | 78 | 81 | 82 |
| 2022 | 69 | 63 | 72 | 54 | 69 | 72 | 69 | 60 | 78 | 94 | 83 | 82 | 72 |
| 2021 | 75 | 73 | 82 | 74 | 81 | 64 | 59 | 51 | 58 | 65 | 68 | 64 | 68 |
| 2020 | 132 | 115 | 105 | 85 | 89 | 115 | 93 | 94 | 98 | 103 | 85 | 95 | 101 |
| 2019 | 113 | 110 | 123 | 96 | 105 | 98 | 98 | 116 | 94 | 102 | 99 | 110 | 105 |
| 2018 | 83 | 86 | 83 | 103 | 79 | 102 | 97 | 87 | 79 | 92 | 107 | 111 | 92 |
| 2017 | 118 | 75 | 95 | 95 | 79 | 91 | 76 | 83 | 86 | 78 | 93 | 102 | 89 |
| Number of homes added to the market in Merced, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | 67 | 67 | 71 | 93 | 67 | 97 | 69 | 76 | 78 | 68 | - | - | 753 |
| 2023 | 37 | 58 | 50 | 75 | 70 | 81 | 75 | 77 | 83 | 53 | 47 | 39 | 745 |
| 2022 | 59 | 85 | 83 | 96 | 87 | 72 | 64 | 49 | 71 | 61 | 51 | 29 | 807 |
| 2021 | 58 | 85 | 87 | 73 | 86 | 96 | 105 | 85 | 96 | 76 | 75 | 46 | 968 |
| 2020 | 93 | 124 | 99 | 84 | 66 | 96 | 83 | 83 | 66 | 99 | 64 | 48 | 1005 |
| 2019 | 65 | 86 | 94 | 126 | 95 | 112 | 105 | 106 | 62 | 99 | 67 | 55 | 1072 |
| 2018 | 77 | 66 | 88 | 78 | 92 | 74 | 92 | 98 | 93 | 80 | 68 | 45 | 951 |
| 2017 | 71 | 44 | 77 | 84 | 70 | 94 | 82 | 89 | 74 | 67 | 61 | 57 | 870 |