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Merrifield Home Values and Market Report

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LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 12 months, homes sold for 97.9% of list price in 88 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $464K Sold · $459K
$1.4M$1M$600K$200K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 16 sales in Oct. Last month: 16.

Where the market stands

All homes in this report, by status.

138homes
Active49 · 36%
Under contract4 · 3%
Sold (12 mo)85 · 62%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

5.2months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$272K
Under contract$307K
Sold$544K

Average days on market

Active197 days
Under contract38 days
Sold88 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 49
Average list price $272,026
Avg. days on market 197 days
Avg. price per ft² Not enough data
Avg. living area Not enough data
Avg. beds / baths Not enough data

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

Not enough data to chart this.

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

Not enough data to chart this.

Highest price per ft²

Top 7 homes in this status.

12553 N Pelican Lane$2,044
14195 N Horseshoe Lake Road$730
24089 Fork Lane$508
29542 Huxtable Point Road$486
29289 Surfland Road$485
23732 Clover Drive$429
13384 Sorenson Lake Road$391

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
13308 Settler TrailMerrifield, MN 56465 311,480$305,000$2064 days
29542 Huxtable Point RoadMerrifield, MN 56465 332,464$1,199,000$4869 days
23324 County Road 3 Lot #3Merrifield, MN 56465 ———$55,000—16 days
23324 County Road 3 Lot #2Merrifield, MN 56465 ———$50,000—18 days
14281 County Road 116Merrifield, MN 56465 533,004$675,000$22438 days
23732 Clover DriveMerrifield, MN 56465 331,921$824,500$42940 days
29289 Surfland RoadMerrifield, MN 56465 221,648$799,900$48543 days
23324 County Road 3 Lot #1Merrifield, MN 56465 ———$47,000—64 days
22519 County Road 3Merrifield, MN 56465 32—$275,000—86 days
14195 N Horseshoe Lake RoadMerrifield, MN 56465 31904$660,000$730100 days
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Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.