Homes Under $400K for Sale in Merriam, KS
· 14 homes fit this search14 homes fit this search · Sorted by Newest Listed
About Homes Under $400K in Merriam, KS
Merriam, KS has 14 homes under $400k for sale right now, with a median list price of $240,000. These homes under $400k were built between 1920 and 1977. Most are between 704 and 1,920 square feet.
Housing market trends in Merriam, KS (all homes)
19
Homes for sale in Merriam · 2 coming soon
$285,500
Median list price
11 days
Median days to contract
1.82 mo
Months of supply
| Measure | Oct 2026 | Sep 2026 | Oct 2025 |
|---|---|---|---|
| Median sale price | $349,000 | $336,250 | $335,000 |
| Median price per sq ft | $188 | $213 | $199 |
| Homes sold | 6 | 12 | 11 |
| New listings | 8 | 9 | 8 |
| Went under contract | 6 | 8 | 7 |
31 photos
Price Cut · $10K
29 photos
Price Cut · $22K
32 photos
149 days
32 photos
149 days
163 days
1+ acre lot
① Merriam itself — the place you are on
Popular home searches in Merriam
| Search | For sale |
|---|---|
| Open houses | For sale1 |
| Just listed homes | For sale4 |
| Price-reduced homes | For sale3 |
| Coming soon homes | For sale2 |
| Homes under contract | For sale7 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
Homes by price in Merriam
| Price range | For sale |
|---|---|
| Under $200,000 | For sale6 |
| Under $300,000 | For sale10 |
| Under $400,000 | For sale14 |
| Under $500,000 | For sale17 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
② Its neighborhoods — one step out
Nearby neighborhoods to Merriam
| Neighborhood | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | For sale | Median sale | Sell-to-list | Days to contract | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| South Park | Strong Seller's | 1.7 mo | 1 | Median$325,000 | — | 12d | 0 | 0 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.
③ Nearby cities — two steps out
Search homes nearby Merriam
| Place | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | Median list | Sell-to-list | Days to contract | For sale | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Merriam | Seller's | 2.4 mo | Median$285,500 | 102% | 12d | 21 | 2 | 7 |
| Overland Park | Seller's | 2.3 mo | Median$735,000 | 101% | 16d | 491 | 24 | 290 |
| Olathe | Seller's | 3 mo | Median$614,700 | 99% | 18d | 534 | 16 | 289 |
| Shawnee | Seller's | 2.5 mo | Median$550,000 | 100% | 16d | 181 | 10 | 96 |
| Lenexa | Seller's | 2.8 mo | Median$617,452 | 98% | 21d | 197 | 14 | 82 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- Median list.
- The middle asking price among the homes for sale right now. Half are listed above it, half below.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.