$4,750 Closing Credit*
$400,000
1,008 SqFt
3 Beds
•1 Full Bath
Karla Horanic, Listing Office: Compass Pennsylvania, Llc
Is Mars, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mars has remained a Seller's Market.
Key Takeaway
Mars is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mars, PA
How much do homes in Mars, PA cost?
Median Sold Price
$540,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,750(+8.4%)
Key Takeaway
Homes in Mars have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Mars was $540,000 in November 2024, up 8.4% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194K | $202.5K | +4.4% |
| 2 Bedrooms | $271K | $295K | +8.9% |
| 3 Bedrooms | $345K | $390K | +13.0% |
| 4 Bedrooms | $622.5K | $645K | +3.6% |
| 5+ Bedrooms | $937.5K | $1.0M | +7.9% |
Summary: Mars housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Mars | $498.2K | $540K | +8.4% |
| Adams Township | $512.5K | $547.5K | +6.8% |
Housing Supply in Mars, PA
How many homes are available in Mars, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 72 | -10.0% |
Summary: The Mars real estate market had 72 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 32 | 27 | -15.6% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Mars housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mars, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Mars in November 2024, up by 26.7% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.
Days on Market for Mars, PA
How long does it take to sell a home in Mars, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 49 Days | +32.2% |
Summary: Homes in Mars had an average of 49 days on market in Nov 2024, up by 32.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mars are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Mars; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
