Housing in Merrifield, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — August 2025

Median Sale Price

$550,000

Median List Price

$369,900

Price Per Sq Ft

$168

Days on Market

134

Active Inventory

2

Months of Supply

1.0

Seller's market

Zillow Home Value

$421,354

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↑ 82.1%List Price ↓ 31.8%Mar 24 → Aug 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

96.0%

Buyer's market

Sold Above Asking
0.0%

Market Activity

Source: Redfin

Homes Sold

2

New Listings

1

Homes Sold ↑ 100.0%New Listings ↓ 50.0%Pending ↑ 0.0%Mar 24 → Aug 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$168

Median List $/SF

$282

Sale $/SF ↑ 43.6%List $/SF ↑ 50.0%Mar 24 → Aug 25

Merrifield vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Merrifield is highlighted.

Median Home Value

Median Price Per Sq Ft

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$229,700

Median Rent

N/A

Total Housing Units

86

Vacancy Rate

5.8%

Owner Occupied

100.0%

Renter Occupied

0.0%

Median Property Tax

$969

per year

Monthly Cost (w/ Mortgage)

N/A

Housing Types

Single Family
94.2%
Multi-Family
0.0%
Mobile Home
5.8%

The current median sale price in Merrifield, MN is $550,000 according to Redfin data. Homes spend a median of 134 days on the market. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $168. About 100.0% of housing units are owner-occupied. The median year homes were built is 1975. There are 86 total housing units.