Merrill Pines Housing Market Report March 2025•Duval County, Florida

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Housing Prices in Merrill Pines, FL

How much do homes in Merrill Pines, FL cost?

Housing Market Conditions

Is Merrill Pines, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Merrill Pines is a Seller's Market

Difference Since March 2024

Since last year, Merrill Pines has remained a Seller's Market.

Insight

Merrill Pines is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$165,000$148/SqFt
+$10,000
+6.5%

Based on all homes sold in the last 12 months

Insight

Homes in Merrill Pines have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Merrill Pines was $165,000 in March 2025, up 6.5% from last year, and the median price per square foot was $148.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Merrill Pines
+6.5%
Arlingwood
+3.6%
Greater Arlington
+1.6%
Arlington Hills
-1.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1--
N/A
2$151.5K$150K
-1.0%
3$189K$172.5K
-8.7%
4--
N/A
5--
N/A

Summary: Merrill Pines housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -1.0%. The home price for 3 bedroom homes decreased by -8.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Merrill Pines, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Merrill Pines, FL

Housing supply in Merrill Pines, FL

How many homes are available in Merrill Pines, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
11Last MonthMar 2025
132 months agoFeb 2025
-15.4 %
Change MoMFeb – Mar

Summary: The Merrill Pines real estate market had 11 homes for sale in Mar 2025, a 15.4 % decrease compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthMar 2025
32 months agoFeb 2025
-33.3 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
297
-22.2%
344
0.0%
400
0.0%
500
0.0%

Summary: Merrill Pines housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -22.2%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Merrill Pines, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Merrill Pines, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Merrill Pines in March 2025, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for Merrill Pines, FL

How long does it take to sell a home in Merrill Pines, FL?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Merrill Pines has remained consistent over time.

Summary: During March 2025, 2 homes were sold in Merrill Pines; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
59 DaysThis YearMar 2025
18 Days1 year agoMar 2024
+227.8 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Merrill Pines had an average listing age of 59 days in Mar 2025, up by 227.8% compared to the previous year.

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Newest Listings in Merrill Pines, FL

What homes are available in Merrill Pines, FL?

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MLS Disclaimers and Copyright

Based on information from realMLS, for the period 04/01/2023 - 04/01/2025

Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2025, 7:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.