Merced Housing Market Report – May 2026
Here's a look at how the Merced, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 93
- Median Sale Price: $408,000
- Average Sale Price: $506,601
- Average Price Per Sq Ft: $254
- Average Days on Market: 96
- Sale-to-List Price Ratio: 96.7%
Month-Over-Month Trends
Compared to April, the median sale price in Merced moved 1.2% up (from $403,216 to $408,000). The number of homes sold was 11.4% down compared to the prior month (105 vs. 93). Average days on market shifted 29.7% up (74 days to 96 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 1.2% down (from $413,000 to $408,000). Sales volume is 7.0% down year-over-year.
What This Means
Merced's housing market is showing signs of cooling as we head into summer. While the median sale price ticked up slightly month-over-month to $408,000, the year-over-year data tells a different story—prices are actually down 1.2% compared to May 2025. More notably, homes are sitting on the market significantly longer, with an average of 96 days compared to just 74 days last month. This nearly 30% jump in days on market suggests buyers are taking their time, likely shopping more deliberately in an environment where inventory options have expanded.
The gap between what sellers are asking and what buyers are paying also warrants attention. With active listings at 580 and a median asking price of $444,202, sellers are still holding firm, yet homes are closing at 96.7% of list price—indicating some negotiating room. The broader trend of declining sales volume combined with extended marketing times points to a market that's losing momentum heading into summer, which is typically when buyer activity picks up. For sellers, this means pricing competitively and ensuring homes show well will be crucial in a landscape where buyers have increasingly selective leverage.
Merced Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95348 | 42 | $421,440 | $252 | 84 |
| 95341 | 28 | $396,970 | $230 | 103 |
| 95340 | 22 | $415,000 | $283 | 88 |
| 95333 | 1 | $5,000,000 | N/A | 496 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 75 | $399,950 | $255 |
| LAND | 7 | $460,000 | N/A |
| MULTI_FAMILY | 6 | $500,000 | $341 |
| MOBILE | 2 | $16,750 | $20 |
| CONDOS | 1 | $270,000 | $199 |
| OTHER | 1 | $280,000 | N/A |
| FARM | 1 | $5,000,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 3 |
| $100K - $199K | 3 |
| $200K - $299K | 6 |
| $300K - $399K | 31 |
| $400K - $499K | 32 |
| $500K - $749K | 10 |
| $750K+ | 8 |
Current Active Listings
As of this report, there are 580 active listings in Merced with a median asking price of $444,202 and an average of 78 days on market.
Thinking About Selling Your Merced Home?
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