$3,859 Closing Credit*
$325,000
1,300 SqFt
2 Beds
•1 Full Bath
Jessica Johnson, Listing Office: Era Johnson Real Estate Inc.
Is Mercer, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mercer was a Neutral 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
$207,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+6.4%)
Key Takeaway
Homes in Mercer have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Mercer was $207,500 in November 2024, up 6.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $164.5K | $136.1K | -17.2% |
| 3 Bedrooms | $195K | $230K | +17.9% |
| 4 Bedrooms | $278K | $190.9K | -31.3% |
| 5+ Bedrooms | $916.2K | $545K | -40.5% |
Summary: Mercer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.2%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 40.5%.
Median Sold Price Compared To Nearby Cities
| Coolspring Township | $315.9K | $342K | +8.3% |
| Mercer | $195K | $207.5K | +6.4% |
Housing Supply in Mercer, PA
How many homes are available in Mercer, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The Mercer real estate market had 34 homes for sale in November 2024, a 8.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mercer 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 increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mercer, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mercer in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 50 Days | +66.1% |
Summary: Homes in Mercer had an average of 50 days on market in Nov 2024, up by 66.1% compared to last year.
Breakdown of Home Sale Times
2 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 November 2024, 4 homes were sold in Mercer; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
