Is Mertztown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Mertztown was a Seller's Market.
Key Takeaway
Mertztown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices
How much do homes in Mertztown, PA cost?
Median Sold Price
$310,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Mertztown have sold for 24.7% more than they did a year ago.
Summary: The median home sold price in Mertztown was $310,000 in August 2023, up 24.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | - | N/A |
| 2 Bedrooms | $210K | $205K | -2.4% |
| 3 Bedrooms | $246.5K | $230K | -6.7% |
| 4 Bedrooms | $325K | $465.5K | +43.2% |
| 5+ Bedrooms | $500K | $525K | +5.0% |
Summary: Mertztown housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 43.2%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Mertztown | $248.5K | $310K | +24.7% |
| Alburtis | $271.6K | $325K | +19.7% |
| Longswamp Township | $255K | $280K | +9.8% |
Housing Supply
How many homes are available in Mertztown, PA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Mertztown real estate market had 12 homes for sale in August 2023, a 9.1% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mertztown housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mertztown, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Mertztown in August 2023, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market
How long does it take to sell a home in Mertztown, PA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 10 Days | 5 Days | -53.1% |
Summary: Homes in Mertztown had an average of 5 days on market in Aug 2023, down by 53.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mertztown are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 2 homes were sold in Mertztown; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
