$3,384 Closing Credit*
$285,000
3,364 SqFt
6 Beds
•2 Full Baths
Shannon Lynn Milander, Listing Office: Weichert Realtors
Is Mertztown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$536,000
$167/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$41,000(+8.3%)
Key Takeaway
Homes in Mertztown have sold for 8.3% more than they did a month ago.
Summary: The median home sold price in Mertztown was $536,000 in October 2024, up 8.3% from last month, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $345K | $189.9K | -45.0% |
| 4 Bedrooms | $391K | $536K | +37.1% |
| 5+ Bedrooms | $1.4M | - | N/A |
Summary: Mertztown housing prices by bedroom type for October 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 45%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Longswamp Township | $391K | $536K | +37.1% |
| Mertztown | $495K | $536K | +8.3% |
Housing Supply in Mertztown, PA
How many homes are available in Mertztown, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Summary: The Mertztown real estate market had 15 homes for sale in October 2024, a 11.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Mertztown 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was 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 October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 10 Days | -84.6% |
Summary: Homes in Mertztown had an average of 10 days on market in Oct 2024, down by 84.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were 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 October 2024, 3 homes were sold in Mertztown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
