$2,730 Closing Credit*
$229,900
2 Beds
•1 Full Bath
Alan M Shanholtz, Listing Office: RE/MAX Premier Executives
Is Mercersburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mercersburg was a Buyer's Market.
Key Takeaway
Mercersburg 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 Mercersburg, PA
How much do homes in Mercersburg, PA cost?
Median Sold Price
$308,000
$148/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$57,000(-15.6%)
Key Takeaway
Homes in Mercersburg have sold for 15.6% less than they did a month ago.
Summary: The median home sold price in Mercersburg was $308,000 in November 2024, down 15.6% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $365K | $308K | -15.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mercersburg housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 15.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Peters Township | $179.5K | $196.5K | +9.5% |
| Mercersburg | $365K | $308K | -15.6% |
Housing Supply in Mercersburg, PA
How many homes are available in Mercersburg, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Summary: The Mercersburg real estate market had 36 homes for sale in November 2024, a 24.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mercersburg 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 200%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mercersburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mercersburg in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Mercersburg, PA
How long does it take to sell a home in Mercersburg, PA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 30 Days | -25.4% |
Summary: Homes in Mercersburg had an average of 30 days on market in Nov 2024, down by 25.4% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mercersburg are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Mercersburg; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
