$713 Closing Credit*
$60,000
2 Beds
•1 Full Bath
Anthony Daviduk, Listing Office: Howard Hanna Real Estate Services
Is Mercer County, 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 County was a Seller's Market.
Key Takeaway
Mercer County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mercer County, PA
How much do homes in Mercer County, PA cost?
Median Sold Price
$163,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,666(+9.2%)
Key Takeaway
Homes in Mercer County have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Mercer County was $163,000 in October 2024, up 9.2% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51.5K | $81K | +57.3% |
| 2 Bedrooms | $110K | $115K | +4.5% |
| 3 Bedrooms | $148.8K | $170.5K | +14.6% |
| 4 Bedrooms | $183K | $190K | +3.8% |
| 5+ Bedrooms | $370K | $283.8K | -23.3% |
Summary: Mercer County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 23.3%.
Median Sold Price Compared To Nearby Counties
| Mercer County | $149.3K | $163K | +9.2% |
| Butler County | $322.7K | $350.1K | +8.5% |
| Trumbull County | $144.9K | $154.9K | +6.9% |
Housing Supply in Mercer County, PA
How many homes are available in Mercer County, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 369 | 385 | +4.3% |
Summary: The Mercer County real estate market had 385 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 72 | 71 | -1.4% |
| 3 Bedrooms | 202 | 218 | +7.9% |
| 4 Bedrooms | 74 | 74 | 0.0% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Mercer County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 62 | +8.8% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mercer County, you may be able to get a good deal. 61.3% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Mercer County in October 2024, up by 8.8% month-over-month. Of the 62 sold homes, 61% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Mercer County, PA
How long does it take to sell a home in Mercer County, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 50 Days | -4.6% |
Summary: Homes in Mercer County had an average of 50 days on market in Oct 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mercer County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 62 homes were sold in Mercer County; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
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.