Merced Housing Market Report – July 2026
Here's a look at how the Merced, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 108
- Median Sale Price: $388,500
- Average Sale Price: $548,657
- Average Price Per Sq Ft: $451
- Average Days on Market: 87
- Sale-to-List Price Ratio: 98.6%
Month-Over-Month Trends
Compared to June, the median sale price in Merced moved 6.4% down (from $415,000 to $388,500). The number of homes sold was 0.9% up compared to the prior month (107 vs. 108). Average days on market shifted 4.8% up (83 days to 87 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 12.2% down (from $442,500 to $388,500). Sales volume is 20.6% down year-over-year.
What This Means
Merced's housing market is showing signs of cooling heading into late summer. While sales volume ticked up slightly month-over-month, the year-over-year decline of 20.6% suggests softer underlying demand, though this needs context given the data collection improvements earlier this year. What's more telling is the price trajectory: the median dropped 6.4% just this month and sits 12.2% lower than July 2025. Homes are sitting on the market about a week longer than last month, now averaging 87 days, which indicates buyers have more negotiating power and sellers may need to be more realistic with pricing.
The gap between median ($388,500) and average ($548,657) sale prices is notably wide, suggesting a bifurcated market where some higher-end properties are skewing the average upward while typical homes are moving slower at lower prices. With a sale-to-list ratio of 98.6%, sellers are basically accepting asking prices, yet inventory remains elevated at 659 active listings. This buyer-friendly environment—more choices, longer negotiation windows, prices trending down—reflects broader California patterns as interest rates continue pressuring affordability. For Merced specifically, the market appears to be normalizing after pandemic-era peaks rather than experiencing a crisis, but it's definitely a buyer's market right now.
Merced Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95341 | 47 | $400,000 | $733 | 91 |
| 95340 | 33 | $350,000 | $251 | 84 |
| 95348 | 28 | $417,500 | $238 | 84 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 95 | $390,000 | $251 |
| LAND | 3 | $444,000 | N/A |
| MOBILE | 3 | $40,000 | $35 |
| MULTI_FAMILY | 3 | $495,000 | $194 |
| CONDOS | 2 | $247,500 | $228 |
| TOWNHOMES | 1 | $290,000 | $253 |
| FARM | 1 | $17,600,000 | $21,002 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 3 |
| $100K - $199K | 1 |
| $200K - $299K | 13 |
| $300K - $399K | 40 |
| $400K - $499K | 40 |
| $500K - $749K | 9 |
| $750K+ | 2 |
Current Active Listings
As of this report, there are 659 active listings in Merced with a median asking price of $445,000 and an average of 77 days on market.
Thinking About Selling Your Merced Home?
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