$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 Township, 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 Township was a Buyer's Market.
Key Takeaway
Mercer Township 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 Township, PA
How much do homes in Mercer Township, PA cost?
Median Sold Price
$237,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,500(+18.2%)
Key Takeaway
Homes in Mercer Township have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Mercer Township was $237,500 in November 2024, up 18.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $157.2K | $138.6K | -11.8% |
| 3 Bedrooms | $201K | $267.5K | +33.1% |
| 4 Bedrooms | $291K | $191.9K | -34.1% |
| 5+ Bedrooms | $916.2K | $545K | -40.5% |
Summary: Mercer Township 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 11.8%, 3 bedroom homes increased by 33.1%, 4 bedroom homes decreased by 34.1%, and 5+ bedroom homes decreased by 40.5%.
Median Sold Price Compared To Nearby Cities
| Mercer Township | $201K | $237.5K | +18.2% |
| Pine Township | $339K | $335K | -1.2% |
Housing Supply in Mercer Township, PA
How many homes are available in Mercer Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 43 | -12.2% |
Summary: The Mercer Township real estate market had 43 homes for sale in November 2024, a 12.2% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 31 | 28 | -9.7% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mercer Township 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 16.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mercer Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mercer Township in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Mercer Township, PA
How long does it take to sell a home in Mercer Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 45 Days | +50.8% |
Summary: Homes in Mercer Township had an average of 45 days on market in Nov 2024, up by 50.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mercer Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Mercer Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
