Market Intelligence · CA / Merced

Merced, CA 95348 Housing Market

A typical home in 95348 is worth $411,072, down 1.0% over the past year. The median list price stands at $434,675, with homes spending a median of 62 days on market as of September 2026.

Updated September 2026Median value$411K

The median home value in Merced, CA 95348 is $411K as of September 2026, down 1.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 95348 range

$378K to $444K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.0% over 12 months

Sep 2025$415K

Low $411KHigh $415K

Sep 2026$411K

The numbers

What is the 95348 housing market like?

As of September 2026

Typical home value

$411K

1.0%YoY

Median list price

$435K

2.3%MoM

Days on market

24.0%MoM

Homes for sale

11.5%MoM

Price cuts

18.8%

26.7%MoM

New listings

37.5%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

95348 housing market forecast 2027

-0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 95348 to stay roughly flat by September 2027 (down 0.2%).

Over the 12 months through September 2026, typical home values in 95348 fell 1.0%, per the Zillow Home Value Index.

Will home prices drop in 95348?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 95348 to stay roughly flat by September 2027 (down 0.2%), after a 1.0% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 95348 home prices compare?

95348$411,072
Merced$400,514
California$692,765
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Merced: 3 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

The 95348 market shows modest inventory with 85 homes for sale and 20 new listings as of September 2026. The median list price of $434,675 sits above the typical home value of $411,072, a gap that reflects asking prices in a softening market. Nearly one in five listings, at 18.8%, have seen price cuts. Homes are taking around two months to sell, which suggests buyers have room to negotiate. For sellers, this is a deliberate market where pricing strategy matters significantly.

Monthly payment

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Home price

Down payment20% · $82,214

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Common questions

What people ask us.

What is a typical home worth in 95348?

A typical home in 95348 is valued at $411,072 as of September 2026, down 1.0% from the prior year.

How long do homes take to sell in 95348?

The median time on market is 62 days as of September 2026.

How many homes are currently for sale in 95348?

There are 85 homes listed for sale as of September 2026.

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