The Merle Hay housing market is somewhat competitive. The median sale price of a home in Merle Hay was $228K last month, up 6.6% since last year. The median sale price per square foot in Merle Hay is $214, up 6.5% since last year.
What is the housing market like in Merle Hay today?
In May 2025, Merle Hay home prices were up 6.6% compared to last year, selling for a median price of $228K. On average, homes in Merle Hay sell after 19 days on the market compared to 14 days last year. There were 68 homes sold in May this year, up from 56 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$227,500
+6.6% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Merle Hay, IA
$227,500
+6.6%
United States
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How hot is the Merle Hay housing market?
Merle Hay is somewhat competitive. Homes sell in 21 days.
0
100
66
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 21 days.
Hot homes
can sell for around list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Merle Hay housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Merle Hay.
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Merle Hay has a minor risk of flooding. 155 properties in Merle Hay are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Merle Hay. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Merle Hay has a moderate risk of wildfire. There are 134 properties in Merle Hay that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Merle Hay.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Merle Hay has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Merle Hay is most at risk from tornadoes. 4,299 properties in Merle Hay have some risk of being in a severe wind event within the next 30 years.