Call or Text (240) SELL-123

MERLIN, OR 97532

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The MERLIN, OR real estate market (97532) currently shows 11 active listings, with 3 pending sales. Homes are averaging 81 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 81 days on market compared to 89 days last year.

The median listing price has risen 7.4% year-over-year, from $644,500 to $692,500.

Whether you are buying or selling in MERLIN, OR, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for MERLIN, OR 97532 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 2,580  ·  Density: 11.8/mi²  ·  Median household income: $74,837

Typical home value: $362,957  ·  Homeownership: 81.7%

Market Overview

Active Listings
11
⇩ 8.3% vs 12 last year
Pending
3
27% pending ratio
Median Price
$692,500
⇧ 7.4% vs $644,500 last year
Average Price
$764,469
⇧ 2.8% vs $743,607 last year
Days on Market
81
⇩ 9% vs 89 days last year

Price Per Square Foot

Median $/sqft
$305
⇩ 2.9% vs $314/sqft last year
Median Home Size
2,381 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 12 last year
  • Days on market: 81 now vs 89 last year

Median & Average Pricing

Year over Year
  • Median: $692,500 (+7.4% YoY)
  • Average: $764,469 (+2.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 38.3 miles — 398 listings ($258,152,142 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97532Merlin, OR 975320.0 mi12$8,358,960$672,000$696,580
97543Wilderville, OR 9754312.8 mi3$1,937,001$550,000$645,667
97527Grants Pass, OR 9752716.5 mi133$87,571,589$534,950$658,433
97538Selma, OR 9753818.7 mi20$19,231,540$600,000$961,577
97537Rogue River, OR 9753723.0 mi29$16,662,965$599,000$574,585
97469Riddle, OR 9746926.2 mi16$10,299,536$499,900$643,721
97544Williams, OR 9754428.5 mi11$11,455,279$749,500$1,041,389
97523Cave Junction, OR 9752331.0 mi46$20,131,210$398,500$437,635
97466Powers, OR 9746632.9 mi7$2,176,041$267,000$310,863
97503White City, OR 9750333.5 mi46$35,278,734$354,000$766,929
97502Central Point, OR 9750234.2 mi73$44,480,287$487,500$609,319
97481Tenmile, OR 9748138.2 mi1$420,000$420,000$420,000
97432Dillard, OR 9743238.3 mi1$149,000$149,000$149,000

Frequently Asked Questions

How many homes are for sale in MERLIN, OR 97532?

As of February 2026, there are 11 active listings in MERLIN, OR (zip code 97532), compared to 12 the prior year.

What is the median home price in MERLIN, OR 97532?

The median listing price in MERLIN, OR 97532 is $692,500 as of February 2026, a 7.4% increase from $644,500 the prior year.

How long do homes stay on the market in MERLIN, OR?

Homes in MERLIN, OR 97532 spend an average of 81 days on the market before going under contract, compared to 89 days the prior year.

Is it a seller's or buyer's market in MERLIN, OR 97532?

Based on current inventory and days-on-market data as of February 2026, MERLIN, OR 97532 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 81 days on market compared to 89 days last year.

How much can I save on real estate commission in MERLIN, OR?

With SELL123.com's maximum 3% commission, sellers in MERLIN, OR 97532 save an estimated $13,850 compared to a typical 5% commission on the median listing price of $692,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.