$3,503 Closing Credit*
$295,000
1,120 SqFt
3 Beds
•1 Full Bath
Alane Falcone, Listing Office: AMF Real Estate Services
Is Mertztown, 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, Mertztown has remained a Seller's Market.
Key Takeaway
Mertztown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mertztown, PA
How much do homes in Mertztown, PA cost?
Median Sold Price
$350,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$10,000(-2.8%)
Key Takeaway
Homes in Mertztown have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Mertztown was $350,000 in September 2024, down 2.8% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $270K | $175K | -35.2% |
| 3 Bedrooms | $257.5K | $338K | +31.3% |
| 4 Bedrooms | $467.2K | $439.9K | -5.8% |
| 5+ Bedrooms | $525K | $750K | +42.9% |
Summary: Mertztown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.2%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Cities
| Longswamp Township | $270K | $360K | +33.3% |
| Topton | $232.5K | $269.9K | +16.1% |
| Alburtis | $321K | $347.5K | +8.3% |
| Mertztown | $360K | $350K | -2.8% |
Housing Supply in Mertztown, PA
How many homes are available in Mertztown, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The Mertztown real estate market had 16 homes for sale in September 2024, a 45.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Mertztown 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mertztown, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mertztown in September 2024, up by 100.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Mertztown, PA
How long does it take to sell a home in Mertztown, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 10 Days | 67 Days | +525.1% |
Summary: Homes in Mertztown had an average of 67 days on market in Sep 2024, up by 525.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 September 2024, 5 homes were sold in Mertztown; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
