$3,799 Closing Credit*
$319,900
1,782 SqFt
3 Beds
•2 Full Baths, 1 Partial
Dawn N Crilley Shank, Listing Office: RE/MAX Elite Services
Is Mercersburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$272,500
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$18,603(+7.3%)
Key Takeaway
Homes in Mercersburg have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Mercersburg was $272,500 in September 2024, up 7.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.1K | $87.5K | +7.9% |
| 2 Bedrooms | $183K | $245K | +33.9% |
| 3 Bedrooms | $262.5K | $262K | -0.2% |
| 4 Bedrooms | $253.8K | $338K | +33.1% |
| 5+ Bedrooms | $434K | $356.5K | -17.9% |
Summary: Mercersburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 33.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Cities
| Peters Township | $190K | $236K | +24.2% |
| Montgomery Township | $254.4K | $309.9K | +21.8% |
| Mercersburg | $253.8K | $272.5K | +7.3% |
Housing Supply in Mercersburg, PA
How many homes are available in Mercersburg, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Mercersburg real estate market had 31 homes for sale in September 2024, a 6.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Mercersburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mercersburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mercersburg in September 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 45 Days | +196.7% |
Summary: Homes in Mercersburg had an average of 45 days on market in Sep 2024, up by 196.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mercersburg has remained consistent over time.
Summary: During September 2024, 6 homes were sold in Mercersburg; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
