Comprehensive market data and analysis• Updated Dec 2025
16.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 5 | 5 |
| 1-2 acres | - | - | - | 2 |
| 2-5 acres | 1 | 1 | 1 | 4 |
| 5-10 acres | - | 1 | 1 | 3 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 3 | 7 | 14 |
Acreage buckets
The median price for land in Merrifield, Minnesota is currently $65K per acre. For a typical parcel, the median sale price is $58K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $44K while premium lots reached $200K.
Merrifield, Minnesota is currently a strong buyer's market with 16.0 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 27.8% year-over-year.
Merrifield, Minnesota currently has 16.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 16 active listings in Merrifield, Minnesota. 5 new listings have hit the market in the last 90 days. The median asking price is $75K.
Land in Merrifield, Minnesota typically sells within 103 days of listing. The median time on market is 35 days. Properties are moving at a moderate pace in the current strong buyer's market.
The median land price in Merrifield, Minnesota stands at $58K. This translates to roughly $65K per acre for the typical parcel size. The average price is $105K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Merrifield, Minnesota is 6.3%. The 12-month rate is 7.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
