$5,047 Closing Credit*
$425,000
3 Beds
•2 Full Baths, 1 Partial
Bonnie McClaine, Listing Office: Berkshire Hathaway The Preferred Realty
Is Mercer, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mercer was a Seller's Market.
Key Takeaway
Mercer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mercer, PA
How much do homes in Mercer, PA cost?
Median Sold Price
$217,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,500(+11.5%)
Key Takeaway
Homes in Mercer have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Mercer was $217,500 in October 2024, up 11.5% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $157.2K | $137.3K | -12.7% |
| 3 Bedrooms | $208K | $230K | +10.6% |
| 4 Bedrooms | $278K | $210.3K | -24.4% |
| 5+ Bedrooms | $145K | $545K | +275.9% |
Summary: Mercer housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes increased by 275.9%.
Median Sold Price Compared To Nearby Cities
| Mercer | $195K | $217.5K | +11.5% |
| Coolspring Township | $317.5K | $342K | +7.7% |
Housing Supply in Mercer, PA
How many homes are available in Mercer, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The Mercer real estate market had 38 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mercer housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mercer, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Mercer in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Mercer, PA
How long does it take to sell a home in Mercer, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 47 Days | -7.2% |
Summary: Homes in Mercer had an average of 47 days on market in Oct 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mercer are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Mercer; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.