Merced Housing Market Report – March 2026
Here's a look at how the Merced, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 95
- Median Sale Price: $390,000
- Average Sale Price: $395,017
- Average Price Per Sq Ft: $247
- Average Days on Market: 76
- Sale-to-List Price Ratio: 98.3%
Month-Over-Month Trends
Compared to February, the median sale price in Merced moved 2.5% down (from $399,990 to $390,000). The number of homes sold was 41.8% up compared to the prior month (67 vs. 95). Average days on market shifted 16.5% down (91 days to 76 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 2.5% down (from $400,000 to $390,000). Sales volume is 9.2% up year-over-year.
What This Means
Merced's housing market is showing some encouraging spring momentum, though with a few mixed signals beneath the surface. March brought a significant jump in sales volume—up nearly 42 percent from February—which is typical for the season as buyers emerge and sellers list properties. However, the median price dipped 2.5 percent both month-over-month and year-over-year, settling at $390,000. This suggests that while more homes are moving, they're not commanding higher prices. The silver lining is that homes are selling faster, with average days on market dropping from 91 to 76 days, and buyers are paying closer to asking prices at 98.3 percent of list price.
The underlying inventory situation tells an interesting story. With 490 active listings and a median asking price of $439,250—notably higher than what homes are actually selling for—there's a noticeable gap between seller expectations and buyer reality. This gap, combined with rising inventory levels, suggests sellers may need to adjust their pricing strategies as spring showings intensify. The inventory-to-sales ratio indicates a market that's still favoring buyers, especially in Merced's price range. For now, it's a balanced market: more activity is good news, but price stability rather than appreciation is the story here.
Merced Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95341 | 33 | $390,000 | $231 | 91 |
| 95340 | 31 | $360,000 | $267 | 68 |
| 95348 | 31 | $415,000 | $246 | 69 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 86 | $397,250 | $254 |
| MOBILE | 3 | $90,900 | $73 |
| MULTI_FAMILY | 3 | $507,000 | N/A |
| CONDOS | 2 | $252,500 | $206 |
| LAND | 1 | $160,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 2 |
| $100K - $199K | 2 |
| $200K - $299K | 8 |
| $300K - $399K | 39 |
| $400K - $499K | 30 |
| $500K - $749K | 12 |
| $750K+ | 2 |
Current Active Listings
As of this report, there are 490 active listings in Merced with a median asking price of $439,250 and an average of 79 days on market.
Thinking About Selling Your Merced Home?
If you're a homeowner in Merced considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Merced and throughout the Central Valley — get a no-obligation cash offer today.