$4,749 Closing Credit*
$399,900
Angela S. Tolosky, Listing Office: Coldwell Banker Realty
Is Mertztown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mertztown has remained a Seller's Market.
Key Takeaway
Mertztown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mertztown, PA
How much do homes in Mertztown, PA cost?
Median Sold Price
$341,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$19,000(-5.3%)
Key Takeaway
Homes in Mertztown have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Mertztown was $341,000 in November 2024, down 5.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $257.5K | +221.9% |
| 2 Bedrooms | $216K | $175K | -19.0% |
| 3 Bedrooms | $265K | $341K | +28.7% |
| 4 Bedrooms | $472K | $450K | -4.7% |
| 5+ Bedrooms | $525K | $750K | +42.9% |
Summary: Mertztown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 221.9%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 28.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Cities
| Alburtis | $321K | $345K | +7.5% |
| Mertztown | $360K | $341K | -5.3% |
Housing Supply in Mertztown, PA
How many homes are available in Mertztown, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Summary: The Mertztown real estate market had 11 homes for sale in November 2024, a 35.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Mertztown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mertztown, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Mertztown in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Mertztown, PA
How long does it take to sell a home in Mertztown, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 15 Days | +7.1% |
Summary: Homes in Mertztown had an average of 15 days on market in Nov 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mertztown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Mertztown; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
