Home values and activity update for Merrill, MI - December 2025

As December 2025 unfolds, the Merrill, MI market demonstrates why staying informed is crucial for savvy buyers and sellers. Digging into the latest numbers, are current prices and trends creating stronger opportunities for affordable homes in Merrill, MI this December 2025?

This detailed review will clarify how you can leverage December’s statistics for your next move and showcases recent Merrill, MI activity so you can adjust your strategy effectively.

Home Value Trends and Buyer Velocity

The average list price has settled at $182,500 and the median sold price at $175,000. This is a classic mark of a balanced environment—buyers are not caught in bidding wars, and sellers are not forced to make drastic reductions. Most transactions close at 97.2 percent of the list price, so negotiation windows remain slim but real. That is why this month-to-month consistency offers reliability for both ends of the deal.

Inventory is holding at 16 active listings. The market’s absorption rate is 2.4, meaning listings are replaced at a reasonable pace. Entry level homes under $150,000 are selling fastest, taking roughly 28 days, while those priced over $250,000 test patience at 67 days. Why it matters: recognizing these patterns can answer "is it a good time to buy in Merrill, MI?"

Sales Momentum in December 2025

December’s closed sales are up 15 percent from last year and under contract numbers have climbed by 12 percent. These are encouraging statistics if you want to time a purchase or sale as the year ends. The current average days on market—43 for sold properties—suggests active buyers and realistic sellers are meeting efficiently, which sustains a healthy marketplace.

• Median price: $175,000
• Closings up: 15 percent year over year
• Entry level DOM: 28 days
• Absorption rate: 2.4

Financing, Value, and How to Sell in Merrill, MI

Conventional loans remain dominant at 59 percent, with cash sales at 31 percent. The average local mortgage rate clocks in at 7.16 percent, guiding buyers to be both strategic and prepared. Sellers offering competitive value rarely need to make concessions (just one at $1,800 recorded this month). The price per square foot—$112—helps you benchmark both offers and list prices.

Smart Steps for Agents, Buyers, and Sellers

For best results, align your approach with agents familiar with metrics like absorption, seller concessions, and time on market in Merrill, MI. TJ Beckman can help interpret these trends for your unique situation.

Ultimately, being proactive in December 2025 means tracking what is moving, understanding how to price, and knowing the best ways how to sell your house fast in Merrill, MI. This strategy serves both first timers and seasoned market participants in our area.