Photo: Royalbroil · CC BY-SA 3.0117 homes sold in Merrill in the last year, at a typical $178K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Merrill homes are listed.
Every place Merrill homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Merrill.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 91% of Merrill’s sales, at a typical $183K
117 homes sold in the year to May 2026.
typical sale · 106 sold in 12 months
- Per square foot
- $108WI $196
- Days to sell
- 64
- Sold over asking
- 29%
- Listings with a price cut
- 21%
Multi-family (2–4 units): 8 sold, typical $129K
Condos: 3 sold, typical $115K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.3 times the 2016 price
117 sales in the last year, against 161 in 2021 and a low of 105 in 2024. The typical sale went from $76K in 2016 to $178K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Merrill
Check a listing against what Merrill homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Merrill are more common than before the pandemic, but 39% fewer homes come up for sale
We read every month of Merrill’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 117 sales.
If you’re buying in Merrill
- Shop in August. It brings about 15 new listings a month, close to the busiest month, with fewer bidding wars (30% over asking).
- You can negotiate. 23% of listings have cut their price, against 13% before the pandemic.
- Offer under asking. Buyers paid 97.7% of the list price on average; 28% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 66 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 18 a month), and the most competition: 34% close over asking. July and August offer nearly as much choice with fewer homes bid up (31%). March has the least competition (18%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Wisconsin
| Merrill now | 2017–19 | 2021 peak | WI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 28% | 21% | 40% | 38% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 23% | 42% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 23% | 13% | 8% | 18% |
| Price paid vs. askingAverage sale price ÷ list price | 97.7% | 95.9% | 99.4% | 99.6% |
| Days to sellMedian days from listing to contract | 66 | 89 | 67 | 51 |
32 homes for sale on a typical day
That’s 1.4 times the 2023 low (24), 39% fewer than in 2017–19 and well under 2015’s 95.
1 in 4 listings has cut its price
23% in the last year, against 13% in 2017–19 and 18% across Wisconsin. More sellers are pricing high and coming down.
Merrill ranks 138th of 158 busy Wisconsin markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Merrill is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Merrill home costs about $1,218 a month
Price: Merrill’s typical sale, last 12 months. Property tax at Merrill’s 2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Merrill is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $178K home, about $3,480 a year.
Taxes vs. neighborsSchools
The schools grade for Merrill, from test results, graduation and how much students grow.
Schools in MerrillCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Wausau, Marathon City, Schofield, Rib Mountain and Tomahawk for far more
The busier markets within 25 miles of Merrill, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Wausau | 498 | $217K | $139 | 50% | 46 |
| Merrill | 117 | $178K | $107 | 28% | 66 |
| Rib Mountain | 76 | $370K | $174 | 51% | 53 |
| Tomahawk | 34 | $250K | $145 | 21% | 82 |
| Schofield | 32 | $272K | $148 | 59% | 52 |
| Marathon City | 23 | $259K | $149 | 48% | 61 |
| Athens | 22 | $210K | $105 | 27% | 69 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Merrill, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Merrill. People who follow the town see it, and so do people comparing Merrill with their own town. No commission, no listing fee.
Questions about buying a home in Merrill
What do homes sell for in Merrill, WI?
117 homes sold in the year to May 2026 at a typical $178K, $107 a square foot.
Is Merrill a buyer’s or seller’s market?
A seller’s market: 33 homes were for sale in May 2026 and 10 sold, about 3.3 months of supply. Buyers paid 97.7% of asking on average, and 23% of listings cut their price.
When is the best time to buy in Merrill?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Merrill?
About 2% of a home’s value a year. On a $178K home that’s near $3,480.
Where can I see homes for sale in Merrill?
Zillow, Redfin, Realtor.com and Homes.com all carry Merrill’s MLS listings; the search links above open each one filtered to Merrill.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).