Is Mercersburg, PA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Mercersburg is a seller's market


Difference Since May 2023

Since last year, Mercersburg has remained a Seller's Market.

Key Takeaway

Mercersburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mercersburg, PA

How much do homes in Mercersburg, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Mercersburg have sold for 8% more than they did a year ago.

Summary: The median home sold price in Mercersburg was $270,000 in May 2024, up 8% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $81.1K$82.5K
2 $180K$245K
3 $257.5K$254K
4 $277.4K$430K
5+ $349.5K$289.9K

Summary: Mercersburg housing prices by bedroom type for May 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 decreased by 1.4%, 4 bedroom homes increased by 55%, and 5+ bedroom homes decreased by 17.1%.

Median Sold Price Compared To Nearby Cities

Montgomery Township
Peters Township

Housing Supply in Mercersburg, PA

How many homes are available in Mercersburg, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Mercersburg real estate market had 27 homes for sale in May 2024, a 22.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
2 24
3 1314
4 56
5+ 23

Summary: The Mercersburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mercersburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Mercersburg in May 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% 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

May 2023May 2024CHANGE
24 Days12 Days-47.4%

Summary: Homes in Mercersburg had an average of 12 days on market in May 2024, down by 47.4% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mercersburg are selling fast, if you're buying plan to act quickly.

Summary: During May 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Mercersburg, PA

Nearby Markets to Mercersburg, PA

What housing markets are near Mercersburg, PA?