How much do homes in Mercer County, PA cost?

Median List Price

$138,871

Based on all homes listed in the last 12 months.

Difference Since September 2020

+$8,964(+6.9%)

Key Takeaway

The list price of homes in Mercer County has increased by 6.9% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSSep 2020Sep 2021%
1 $49.5K$72K+45.5%
2 $82.5K$92K+11.5%
3 $127.3K$137.1K+7.7%
4 $199.9K$199.9K0.0%
5+ $207.4K$259K+24.8%

Median List Price Compared To Nearby Counties

Crawford County
+24.3%
Trumbull County
+10.8%
Mercer County
+6.9%
Lawrence County
+6.9%
Venango County
-7.0%

How many homes are available in Mercer County, PA?

Number of Homes For Sale

Aug 2021Sep 2021%
401427+6.5%

Homes For Sale By Bedroom Count

# BEDSAug 2021Sep 2021%
1 23+50.0%
2 6368+7.9%
3 236253+7.2%
4 8485+1.2%
5+ 1618+12.5%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Sep 2020Sep 2021%
158 Days99 Days-37.3%

Breakdown of Home Sale Times

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Key Takeaway

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About Mercer County, PA

Mercer County, PA has 427 homes on the market. The inventory of homes for sale in Mercer County, PA between August 2021 and September 2021 increased by 6.5%. The median list price of listings available in September 2021 was $138,871, while the average time on the real estate market was 99 days. Between August 2021 and September 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 45.5%, prices of 2 bedrooms properties went up by 11.5%, prices of 3 bedrooms properties went up by 7.7%, 4 bedrooms properties prices did not change, prices of 5 bedrooms properties increased by 24.8%. Volume of homes for sale changed: 1 bedroom homes became 50% more available, the quantity of 2 bedrooms homes went up by 7.9%, volume of 3 bedrooms homes went up by 7.2%, 4 bedrooms homes became 1.2% more available, 5 bedrooms homes inventory increased by 12.5%. While more than 31 listings in Mercer County, PA in September 2021 were sold above asking price, there were more than 21 listings sold at asking price, and more than 41 were sold below.

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