Is Mercersburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Mercersburg has remained a Seller's Market.
Housing Prices in Mercersburg, PA
How much do homes in Mercersburg, PA cost?
Median Sold Price
$289,900
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mercersburg was $289,900 in June 2024, up 16% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81.1K | $82.5K | +1.7% |
2 Bedrooms | $180K | $245K | +36.1% |
3 Bedrooms | $249.9K | $260K | +4.0% |
4 Bedrooms | $277.4K | $410K | +47.8% |
5+ Bedrooms | $349.5K | $318K | -9.0% |
Summary: Mercersburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 36.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
Montgomery Township | $247.4K | $314K | +26.9% |
Mercersburg | $249.9K | $289.9K | +16.0% |
Housing Supply in Mercersburg, PA
How many homes are available in Mercersburg, PA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Summary: The Mercersburg real estate market had 24 homes for sale in June 2024, a 4.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Mercersburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mercersburg in June 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
7 Days | 22 Days | +206.8% |
Summary: Homes in Mercersburg had an average of 22 days on market in Jun 2024, up by 206.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 6 homes were sold in Mercersburg; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.