Home Values

Merrimac Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$328,200

  • 5.4% 1-year change
  • 0.5% 1-year forecast

The median home value in Merrimac is $328,200. Merrimac home values have gone up 5.4% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in Merrimac is $177, which is lower than the Boston Metro average of $224. The median price of homes currently listed in Merrimac is $368,900 while the median price of homes that sold is $366,000.

Foreclosures will be a factor impacting home values in the next several years. In Merrimac 3.1 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Merrimac is 6.8%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Merrimac homeowners underwater on their mortgage is 10.1%, which is lower than Boston Metro at 10.6%.

Read more
Relative ZHVI
- +

Merrimac Market Overview

Data through Aug 31, 2014
  • $328,200 ZHVI
  • 0.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $368,900 Median listing price
  • No recent data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Merrimac Market Health

Data through Aug 31, 2014
  • 5.9/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
West Newbury $490,600
Kensington $358,000
Groveland $347,200
Name Median ZHVI
East Kingston $296,000
Town of Amesbury $283,400
Newton $262,100
Name Median ZHVI
Kingston $245,000
Haverhill $243,600
Plaistow $222,400

Listings & Sales

Data through Aug 31, 2014
  • $177 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 49.1% Listings with price cut
16.6%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Merrimac Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,868 Merrimac
    $2,116 Boston Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading