Mercer, ND Foreclosures
Current Market Conditions in in Mercer, ND As of February 2026?
Over the past month, the real estate market in Mercer has shown signs of slight fluctuation. While overall sales have remained consistent, there has been a noticeable increase in interest for lakefront properties, which saw a rise in inquiries and viewings. This trend could potentially drive up prices slightly as the summer season approaches, with more buyers eager to secure properties in time for their summer retreats.
How much do homes sell for in Mercer, ND?
The average home price is currently $216,511.
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 peaceful town with a close-knit community and access to stunning natural beauty. Residents enjoy various outdoor activities at nearby Lake Sakakawea, while essential amenities like schools and parks keep life convenient. Perfect for families and retirees, Mercer embodies the charm of small-town living.
Buyer vs Seller Market in Mercer, ND
The real estate market in Mercer, ND, is characterized by stability and moderate growth. As a small community, Mercer remains an appealing option for both homebuyers and investors looking for affordable housing in a scenic area. The demand for homes has maintained a steady pace, with a balance of buyers and sellers in the market.
Current trends indicate that properties near Lake Sakakawea attract additional interest due to their picturesque location and recreational opportunities. As remote work becomes more prevalent, buyers are increasingly considering Mercer for its tranquility and affordability.
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 $177,829.00. 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 $216,511.00, 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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