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MERRILL, MI 48637

Real Estate Market Report  ·  Saginaw County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MERRILL, MI real estate market (48637) currently shows 4 active listings, with 2 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 39 days on market compared to 75 days last year.

The median listing price has risen 21.8% year-over-year, from $119,950 to $146,150.

Whether you are buying or selling in MERRILL, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,104  ·  Density: 16.9/mi²  ·  Median household income: $61,100

Typical home value: $132,075  ·  Homeownership: 90.4%

Market Overview

Active Listings
4
⇩ 42.9% vs 7 last year
Pending
2
50% pending ratio
Median Price
$146,150
⇧ 21.8% vs $119,950 last year
Average Price
$155,525
⇧ 21.2% vs $128,300 last year
Days on Market
39
⇩ 48% vs 75 days last year

Price Per Square Foot

Median $/sqft
$100
⇩ 8.3% vs $109/sqft last year
Median Home Size
1,514 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 7 last year
  • Days on market: 39 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $146,150 (+21.8% YoY)
  • Average: $155,525 (+21.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.7 miles — 457 listings ($121,939,369 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48637Merrill, MI 486370.0 mi3$464,700$154,900$154,900
48626Hemlock, MI 486265.5 mi16$6,552,928$373,750$409,558
48614Brant, MI 4861411.5 mi1$175,000$175,000$175,000
48880Saint Louis, MI 4888012.2 mi16$2,543,776$140,100$158,986
48623Freeland, MI 4862312.4 mi43$25,918,379$519,525$602,753
48603Saginaw, MI 4860315.7 mi69$20,473,542$274,425$296,718
48638Saginaw, MI 4863815.9 mi35$10,316,145$236,175$294,747
48602Saginaw, MI 4860218.2 mi155$16,125,270$89,900$104,034
48883Shepherd, MI 4888318.8 mi13$3,849,521$243,175$296,117
48616Chesaning, MI 4861619.0 mi17$3,865,936$188,225$227,408
48604Saginaw, MI 4860419.8 mi23$4,638,548$134,900$201,676
48642Midland, MI 4864220.4 mi62$26,638,424$394,000$429,652
48724Carrollton, MI 4872420.7 mi4$377,200$95,000$94,300

Frequently Asked Questions

How many homes are for sale in MERRILL, MI 48637?

As of March 2026, there are 4 active listings in MERRILL, MI (zip code 48637), compared to 7 the prior year.

What is the median home price in MERRILL, MI 48637?

The median listing price in MERRILL, MI 48637 is $146,150 as of March 2026, a 21.8% increase from $119,950 the prior year.

How long do homes stay on the market in MERRILL, MI?

Homes in MERRILL, MI 48637 spend an average of 39 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in MERRILL, MI 48637?

Based on current inventory and days-on-market data as of March 2026, MERRILL, MI 48637 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 39 days on market compared to 75 days last year.

How much can I save on real estate commission in MERRILL, MI?

With SELL123.com's maximum 3% commission, sellers in MERRILL, MI 48637 save an estimated $2,923 compared to a typical 5% commission on the median listing price of $146,150. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.