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Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand on the sidelines. This comes amid rising and growing . But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are , even as most buyers pull back.

Most people can't afford high-end homes, although they're still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the Merced metro area—and showcased a few of the area's standout listings (when possible).

Note: Redfin's analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.

#1. Sierra Vista (Atwater, CA)

1201 Sierra Vista St, Atwater, CA 95301
- List price: $310,000
- Beds: 2 | Baths: 1 | Square feet: 820
- See 1201 Sierra Vista St, Atwater, CA 95301 on

1831 Olive Ave, Atwater, CA 95301
- List price: $325,000
- Beds: 1 | Baths: 1 | Square feet: 280
- See 1831 Olive Ave, Atwater, CA 95301 on

#2. North Merced (Merced, CA)

1046 Century Dr, Merced, CA 95340
- List price: $355,000
- Beds: 3 | Baths: 2 | Square feet: 1,218
- See 1046 Century Dr, Merced, CA 95340 on

1073 El Portal Dr, Merced, CA 95340
- List price: $410,000
- Beds: 3 | Baths: 2 | Square feet: 1,413
- See 1073 El Portal Dr, Merced, CA 95340 on

1328 Paseo Redondo Dr, Merced, CA 95348
- List price: $365,000
- Beds: 2 | Baths: 2 | Square feet: 1,307
- See 1328 Paseo Redondo Dr, Merced, CA 95348 on

3272 Leaf Dr, Merced, CA 95340
- List price: $875,000
- Beds: 4 | Baths: 3 | Square feet: 3,264
- See 3272 Leaf Dr, Merced, CA 95340 on

#3. Midtown (Merced, CA)

1948 K St, Merced, CA 95340
- List price: $369,000
- Beds: 3 | Baths: 2 | Square feet: 1,721
- See 1948 K St, Merced, CA 95340 on

6 W 23Rd St, Merced, CA 95340
- List price: $299,000
- Beds: 2 | Baths: 1 | Square feet: 938
- See 6 W 23Rd St, Merced, CA 95340 on