Is Mercersburg, 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, Mercersburg was a Buyer's Market.
Housing Prices in Mercersburg, PA
How much do homes in Mercersburg, PA cost?
Median Sold Price
$245,000
$158/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Mercersburg was $245,000 in February 2024, up 3.8% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $207.2K | $289.5K | +39.7% |
4 Bedrooms | $410K | $245K | -40.2% |
5+ Bedrooms | - | - | N/A |
Summary: Mercersburg housing prices by bedroom type for February 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 39.7%, 4 bedroom homes decreased by 40.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Peters Township | $207.2K | $245K | +18.2% |
Mercersburg | $236K | $245K | +3.8% |
Housing Supply in Mercersburg, PA
How many homes are available in Mercersburg, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Summary: The Mercersburg real estate market had 29 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mercersburg housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mercersburg in February 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Mercersburg, PA
How long does it take to sell a home in Mercersburg, PA?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 Days | 31 Days | +37.6% |
Summary: Homes in Mercersburg had an average of 31 days on market in Feb 2024, up by 37.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Mercersburg; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.