Is Mercer, 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, Mercer has remained a Seller's Market.
Key Takeaway
Mercer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mercer, PA
How much do homes in Mercer, PA cost?
Median Sold Price
$275,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Mercer have sold for 93.7% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142K | - | N/A |
| 3 Bedrooms | $165K | $250K | +51.5% |
| 4 Bedrooms | $49.5K | - | N/A |
| 5+ Bedrooms | $183.5K | $545K | +197.0% |
Summary: Mercer housing prices by bedroom type for March 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 increased by 51.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 197%.
Median Sold Price Compared To Nearby Cities
| Coolspring Township | $135K | $458K | +239.3% |
| Mercer | $142K | $275K | +93.7% |
Housing Supply in Mercer, PA
How many homes are available in Mercer, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The Mercer real estate market had 30 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Mercer housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mercer, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mercer in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Mercer, PA
How long does it take to sell a home in Mercer, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 87 Days | +45.3% |
Summary: Homes in Mercer had an average of 87 days on market in Mar 2024, up by 45.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mercer are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Mercer; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.