Merrill Real Estate
5 active listings · 24 sold in the past 12mo
$289,900
Median List Price
24
Sold (past 12mo)
95
Avg Days on Market
+10.1%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
Loading map…
Market Dashboard
Homes for Sale(5)
View all with filters →
For Sale
1/68
$425,000
21403 Swan Creek Road, Merrill, MI 48637
3 bd2 ba11.75 ac
Single Family
For Sale
1/18
$299,900
V/l S Fenmore Road, Merrill, MI 48637
35.42 ac
Single Family
Under Contract
1/43
$289,900
554 N Meridian Road, Merrill, MI 48637
3 bd1 ba25 ac
Single Family
For Sale
1/34
$250,000
22359 Gratiot Road, Merrill, MI 48637
3 bd2 ba0.61 ac
Single Family
For Sale
1/25
$89,000
545 N Midland Street, Merrill, MI 48637
2 bd1 ba1,111 sqft0.43 ac
Single Family
Recently Sold(24)
Frequently Asked Questions about Merrill
What is the current real estate inventory in Merrill?
There are currently 5 active listings in Merrill. The median asking price is $289,900.
What are home prices like in Merrill?
Based on 24 sales in the past year, homes in Merrill have a median price of $289,900.
What is the average days on market in Merrill?
Over the past year, homes in Merrill spent an average of 95 days on market before selling.
Which school districts cover Merrill?
Multiple school districts may serve Merrill. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How competitive is the Merrill real estate market?
Merrill is currently a seller's market, with 2.5 months of supply. That ratio comes from 5 active listings relative to 24 sales per year.
What are property taxes like in Merrill?
Property taxes in Merrill are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What is the Household Formation Gap in Merrill?
Census demographic data shows a +10.1% Household Formation Gap in Merrill. As average household size fell from 2.72 to 3.18, the estimated number of households grew by 23. Population grew 28.7% over the same period. HFG is a secondary market indicator reflecting household formation trends, distinct from primary indicators like comparative market analysis.