Merrifield, MN Home Values & Market Trends

Real estate market trends reflect that there have been 0 transactions over the past year in Merrifield. The median value for residential home transactions that occurred over the previous year is $501,899.69. The number of current listings in Merrifield is 6, and the percentage of properties for sale in the city is 6.00%. Merrifield, MN currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 6 properties for sale.

Merrifield, MN Real Estate Market Overview

ZipMedian Est. Value
56465

$ 444,977

$ 288/sqft

Housing Market Summary for Merrifield, MN

Mar 2023February 2024Change
Median Listing Price$749.9K$0-100.00%
Median Sold Price$0$0-
Homes For Sale37133.33%
Homes Sold00-
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Recently Sold Homes

Explore recent offers and recently sold homes in Merrifield, MN

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Browse Homes in Merrifield, MN

Merrifield home values range from $34,553 to $6,510,621. The median estimated value of a home in Merrifield is $501,899.69. The median list price of a home is 464,000, and the total count of properties in the city is 1,220.

Foreclosure
There is 1 zips within Merrifield, MN; within this zips, the median estimated home value for homes in foreclosure ranges from $175,565 in 56465 to the lowest value of $175,565 in 56465. Foreclosure homes account for 0.00% of properties in Merrifield, MN with 56465 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Merrifield, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Merrifield, MN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Merrifield, MN ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Merrifield, MN. There is 1 zips within Merrifield, MN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    56465 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Merrifield, MN. Auction homes and other auction properties account for 0.08% of all properties in Merrifield, MN. There is 1 zips within Merrifield, MN; of that zips, the median estimated home value for homes going to auction ranges from $175,565 in 56465 to the lowest value of $175,565 in 56465.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.49% of residential properties in Merrifield, MN with 56465 containing 6 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Merrifield, MN; homes for sale in that zips, have a range of median values from $762,585 in 56465 to the lowest value of $285,653 in 56465.
    Sold Homes
    The median value for recently sold homes ranges from $0 in $[recently-sold-highest-avm-region] to the lowest price of $0 in $[recently-sold-highest-avm-region]. There is 1 zips within Merrifield, MN. $[recently-sold-highest-count-region] has 0 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0% of properties in Merrifield, MN.

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      Guide for Merrifield, MN

      Market Reports
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Wholesale
      What Is a Zombie Property?
      Market Reports
      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports
      Honolulu’s Real Estate Trend – Report of 2023-2024
      See More Articles
      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      What Is a Zombie Property?
      Wholesale|posted 14 March 2024

      Learn what a Zombie property is and how to avoid your home becoming one.

      Boston Real Estate: A Year of Growth – Market Report March 2024
      Market Reports|posted 14 March 2024

      This analysis highlights the significant growth in Boston’s real estate market with increasing property values, and the diversity of pricing in its neighborhoods. It presents a dynamic market catering to a wide range of buyers and investors, from high-end to more economic entry points.

      Honolulu’s Real Estate Trend – Report of 2023-2024
      Market Reports|posted 14 March 2024

      Honolulu’s real estate market exhibits a mix of stability and fluctuation in property values, with trends varying across nearby cities. Factors influencing these trends include property sizes, local demand dynamics, economic conditions, and global events. Investors and homebuyers need a comprehensive understanding of these conditions for well-informed decisions.

      Recently Listed Homes Merrifield, MN

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