Is Mars, 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, Mars was a Neutral Market.
Key Takeaway
Mars is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mars, PA
How much do homes in Mars, PA cost?
Median Sold Price
$509,000
$206/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Mars have sold for 1.4% more than they did a month ago.
Summary: The median home sold price in Mars was $509,000 in March 2024, up 1.4% from last month, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $203K | +4.1% |
| 2 Bedrooms | $260K | $289.9K | +11.5% |
| 3 Bedrooms | $412.5K | $427.5K | +3.6% |
| 4 Bedrooms | $715K | $554K | -22.5% |
| 5+ Bedrooms | $1.1M | $2.0M | +79.1% |
Summary: Mars housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 22.5%, and 5+ bedroom homes increased by 79.1%.
Housing Supply in Mars, PA
How many homes are available in Mars, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 73 | +7.4% |
Summary: The Mars real estate market had 73 homes for sale in March 2024, a 7.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Mars housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 23 | +109.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mars, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Mars in March 2024, up by 109.1% month-over-month. Of the 23 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% were sold over asking.
Days on Market for Mars, PA
How long does it take to sell a home in Mars, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 61 Days | +115.4% |
Summary: Homes in Mars had an average of 61 days on market in Mar 2024, up by 115.4% compared to last month.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mars are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Mars; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
