With only 2.0 months of inventory, Merrifield remains a seller's market. The median home price in Merrifield currently stands at $609,500. With 2.0 months of supply, Merrifield's inventory levels remain relatively tight. Homes are taking about 66 days to sell, which is 0 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Merrifield market with the affordability index at 53000.0. Based on current market indicators, home prices in Merrifield are projected to decrease by approximately 19.4% over the next month.