Mercer, ND Foreclosures
How much do homes sell for in Mercer, ND?
The average home price is currently $223,229.
What’s the average rental cost in Mercer, ND?
The average rental price in Mercer is $984.
What is the most expensive home in Mercer?
The most expensive home sold in Mercer had a price of $955,909.
What is currently the cheapest priced home in Mercer, ND?
The cheapest home for sale in Mercer is priced at $38,467.
Living in Mercer, ND
Mercer, ND is a small, charming town known for its close-knit community and access to outdoor recreational activities. With beautiful Lake Sakakawea nearby, residents enjoy a laid-back lifestyle surrounded by nature. This area offers essential amenities, making it ideal for families and those seeking tranquility.
Current Market Conditions in Mercer, ND
The market in Mercer, ND is currently stable, with a steady demand for homes as more people seek to escape urban living for a quieter lifestyle. Inventory levels have been moderate, creating a balanced market for both buyers and sellers, where many homes receive multiple offers due to the desirable living conditions.
Recently, the area has seen increased interest due to low interest rates and homebuyers’ search for more spacious property options, especially as remote work becomes more prevalent. This trend is likely to continue, promoting a healthy growth rate in property values.
Home Value Estimator For Mercer, ND
There are currently 41 real estate properties
in Mercer, ND,
with a median automated valuation model (AVM) price
of $196,107.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mercer, ND, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Mercer, ND,
is $223,229.00, with the most expensive house
in Mercer, ND, topping out
at $955,909.00 and the cheapest home
in Mercer, ND,
clocking in at $38,467.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mercer, ND!
Rent Prices
In Mercer, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mercer, ND, is on
a rollercoaster ride. The
average rent price in Mercer, ND,
is $984.00. Indeed, when looking to rent in
Mercer, ND, you can expect to pay as little
as $750.00 or as much
as $1,820.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Mercer, ND
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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