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Okanagan & Thompson · scored nightly

Deals worth a look in Merritt

12 Merritt listings score 55 or higher against similar listings. 4 of them score 75 or higher (about 33%).

Scored listings
12
Strong value
4
Median asking
$499K
Average score
67.1

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Scored listings
12
Strong value
4
Median asking
$499K
Average score
67.1

Top of the board in Merritt

  • Strong value
  • Good value
  • In line
Scored against comparable listings, not a valuation.How the score works
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What paying for a home in Merritt looks like

Merritt households earn a median of $70,000 a year, and owners here carry a median shelter cost of $900 a month, about 15% of that income before tax.

18% of Merritt households already spend more than 30% of their income on shelter, which is the line Statistics Canada uses to call housing unaffordable.

Owners hold 73% of Merritt homes and renters the other 27%.

The census valued the average Merritt dwelling at $405,200 in 2021. The median asking price among the listings scored here is $499,450, 23% above that figure. Census values are self-reported and four years old, so read the gap as context rather than a measure of the market today.

Source: Statistics Canada, 2021 Census of Population, census subdivision level.

How the score works

Each listing is scored out of 100 against similar listings in its own city. No listing can pay to appear.

A score compares an asking price with comparable listings. It does not look inside the home, it is not an appraisal, and it is not financial advice.

See the full method

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Prepared by

Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.

Data

Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).

MethodHow the score worksReport a correction

Source: BCRES MLS® via Bridge Interactive. Scores update nightly.