Is Mertztown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mertztown has remained a Seller's Market.
Housing Prices in Mertztown, PA
How much do homes in Mertztown, PA cost?
Median Sold Price
$355,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mertztown was $355,000 in April 2024, up 34% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $80K | N/A |
2 Bedrooms | $205K | $215K | +4.9% |
3 Bedrooms | $261.2K | $265K | +1.4% |
4 Bedrooms | $325K | $477K | +46.8% |
5+ Bedrooms | $420K | $525K | +25.0% |
Summary: Mertztown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 46.8%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Mertztown | $265K | $355K | +34.0% |
Topton | $202.5K | $235K | +16.0% |
Longswamp Township | $240K | $270K | +12.5% |
Alburtis | $318.5K | $317.5K | -0.3% |
Housing Supply in Mertztown, PA
How many homes are available in Mertztown, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Summary: The Mertztown real estate market had 12 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mertztown housing inventory by bedroom type for April 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mertztown in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 5 Days | -20.0% |
Summary: Homes in Mertztown had an average of 5 days on market in Apr 2024, down by 20% compared to last year.
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
Summary: During April 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.