10 homes in zoned to Luther Burbank Elementary
Homes Zoned to Luther Burbank Elementary
Merced, CA
About Homes Zoned to Luther Burbank Elementary
About Merced: Luther Burbank Elementary is located in Merced. Merced is a city in and the county seat of Merced County, California, United States, in the San Joaquin Valley. As of the 2020 census, the city had a population of 86,333, up from 78,958 in 2010. Incorporated on April 1, 1889, Merced is a charter city that operates under a council–manager government. It is named after the Merced River, which flows nearby.
These are homes for sale inside the attendance boundary for Luther Burbank Elementary in Merced (Topfind School Score: 5/10). Every home here is actually assigned to this school per the official attendance zone, not just nearby. This zone has 10 active listings.
Luther Burbank Elementary Area Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.5 months of supply, yet the typical home takes about 96 days to sell, and 60% of current listings have been up for more than 30 days, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$405K
↑ 4% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.5 months of supply
Tight Supply10 active listings against the current sales pace works out to about 2.5 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~96 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in Luther Burbank Elementary Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
44%
Homeowners
56%
Renters
Homeownership is 11.5 points lower than the California average (55.5%)
27,482 households (2023)
Median Price by Bedroom
Home prices increase with bedroom count, though premiums vary by size.
Each additional bedroom adds about $32K in value on average.
Price Reductions
2 listings have reduced their price
20% of active listings
Average reduction: 2.0% (~$8K)
Luther Burbank Elementary Attendance Zone Market Overview
Luther Burbank Elementary is an elementary school in the Merced City Elementary district. It earns a Topfind School Score of 5. Homes in the Luther Burbank Elementary attendance zone carry a median list price of $405,000. Compared with Merced overall, that is a 6.9% discount. The median price moved from $365,650 in February to $370,000 in July, a 1.2% increase over six months. Right now 10 homes are on the market in the Luther Burbank Elementary attendance zone. The homes on this page fall inside the school's attendance zone, so students at these addresses are assigned to Luther Burbank Elementary.
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Nearby Schools
Frequently Asked Questions about Homes near Luther Burbank Elementary
How many homes are for sale in Luther Burbank Elementary Area, CA?
There are currently 10 homes for sale in Luther Burbank Elementary Area, ranging from $316,999 to $450,000.
What is the median home price in Luther Burbank Elementary Area?
The median list price in Luther Burbank Elementary Area is $405,000. Price per square foot averages $255. Prices are up 4.2% compared to a year ago.
How fast do homes sell in Luther Burbank Elementary Area?
Homes in Luther Burbank Elementary Area currently average 96 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.