Market Intelligence · CA / Merced

Merced, CA 95348 Housing Market

The typical home value in Merced's 95348 ZIP is $416,649, down 1.5% over the past year. The median list price stands at $445,000, with homes taking 50 days on the market on average.

Updated August 2026Median value$417K

The median home value in Merced, CA 95348 is $417K as of August 2026, down 1.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 95348 range

$383K to $450K

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

-1.5% over 12 months

Typical home value in 95348 over the last 12 months: $423K in Jul 2025 to $417K in Jul 2026 (-1.5%).

Jul 2025$423K

Jul 2026$417K

The numbers

What is the 95348 housing market like?

Typical home value

$417K

Down1.5%YoY

Median list price

$445K

Down0.5%MoM

Days on market

50

Down3.8%MoM

Homes for sale

96

Up5.5%MoM

Price cuts

14.8%

Up6.2%MoM

New listings

32

Down20.0%MoM

Sources · Zillow ZHVI (July 2026) / Realtor.com (August 2026) / FRED (August 2026)

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The comparison

How do 95348 home prices compare?

  • 95348$416,649
  • Merced$406,091
  • California$702,086
  • United States$289,821

Median Zillow home value (ZHVI), as of July 2026. Comparison levels are medians across every ZIP code with Zillow data (Merced: 3 ZIPs; California: 1,543 ZIPs; United States: 26,266 ZIPs).

Context

Merced's 95348 market shows modest supply, with 96 homes for sale and 32 new listings as of August 2026. The median days on market of 50 suggests steady but unhurried buyer interest. Of the current listings, 14.8% have received price cuts, indicating some seller adjustment to market conditions. The year-over-year decline in typical home value reflects a softer market. Sellers should expect a patient process and may need flexibility on pricing to move their home.

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