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MERLIN, OR 97532

Real Estate Market Report  ·  Josephine County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
12
vs 12 last year
Pending
3
25% pending ratio
Median Price
$672,000
⇩ 12.8% vs $770,250 last year
Average Price
$696,580
⇩ 11.8% vs $789,823 last year
Days on Market
68
⇩ 18.1% vs 83 days last year

Market Context

Population: 2,580  ·  Density: 11.8/mi²  ·  Median household income: $74,837

Typical home value: $362,957  ·  Homeownership: 81.7%

Market Analysis

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

The MERLIN, OR real estate market (97532) currently shows 12 active listings, with 3 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 68 days on market compared to 83 days last year.

The median listing price has fallen 12.8% year-over-year, from $770,250 to $672,000.

Whether you are buying or selling in MERLIN, OR, 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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 68 now vs 83 last year

Median & Average Pricing

Year over Year
  • Median: $672,000 (-12.8% YoY)
  • Average: $696,580 (-11.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 38.3 miles — 398 listings ($258,152,142 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97532Merlin, OR 975320.0 mi12$8,358,960$672,000$696,580
97543Wilderville, OR 9754312.8 mi3$1,937,001$550,000$645,667
97527Grants Pass, OR 9752716.5 mi133$87,571,589$534,950$658,433
97538Selma, OR 9753818.7 mi20$19,231,540$600,000$961,577
97537Rogue River, OR 9753723.0 mi29$16,662,965$599,000$574,585
97469Riddle, OR 9746926.2 mi16$10,299,536$499,900$643,721
97544Williams, OR 9754428.5 mi11$11,455,279$749,500$1,041,389
97523Cave Junction, OR 9752331.0 mi46$20,131,210$398,500$437,635
97466Powers, OR 9746632.9 mi7$2,176,041$267,000$310,863
97503White City, OR 9750333.5 mi46$35,278,734$354,000$766,929
97502Central Point, OR 9750234.2 mi73$44,480,287$487,500$609,319
97481Tenmile, OR 9748138.2 mi1$420,000$420,000$420,000
97432Dillard, OR 9743238.3 mi1$149,000$149,000$149,000

Frequently Asked Questions

How many homes are for sale in MERLIN, OR 97532?

As of January 2026, there are 12 active listings in MERLIN, OR (zip code 97532), compared to 12 the prior year.

What is the median home price in MERLIN, OR 97532?

The median listing price in MERLIN, OR 97532 is $672,000 as of January 2026, a 12.8% decrease from $770,250 the prior year.

How long do homes stay on the market in MERLIN, OR?

Homes in MERLIN, OR 97532 spend an average of 68 days on the market before going under contract, compared to 83 days the prior year.

Is it a seller's or buyer's market in MERLIN, OR 97532?

Based on current inventory and days-on-market data as of January 2026, MERLIN, OR 97532 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 68 days on market compared to 83 days last year.

How much can I save on real estate commission in MERLIN, OR?

With SELL123.com's maximum 3% commission, sellers in MERLIN, OR 97532 save an estimated $13,440 compared to a typical 5% commission on the median listing price of $672,000. 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.