$5,047 Closing Credit*
$425,000
3 Beds
•2 Full Baths, 1 Partial
Bonnie McClaine, Listing Office: Berkshire Hathaway The Preferred Realty
Is Mercer Township, 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 Township was a Seller'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
$236,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+17.4%)
Key Takeaway
Homes in Mercer Township have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Mercer Township was $236,000 in October 2024, up 17.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $150K | $140K | -6.7% |
| 3 Bedrooms | $210K | $240K | +14.3% |
| 4 Bedrooms | $291K | $228.7K | -21.4% |
| 5+ Bedrooms | $145K | $545K | +275.9% |
Summary: Mercer Township 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 6.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 275.9%.
Housing Supply in Mercer Township, PA
How many homes are available in Mercer Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 46 | +4.5% |
Summary: The Mercer Township real estate market had 46 homes for sale in October 2024, a 4.5% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mercer Township 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 20%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mercer Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Mercer Township in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 34 Days | -45.3% |
Summary: Homes in Mercer Township had an average of 34 days on market in Oct 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
5 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Mercer Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
