Is Mars, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mars has remained a Seller's Market.
Key Takeaway
Mars is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mars, PA
How much do homes in Mars, PA cost?
Median Sold Price
$525,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mars have sold for 45% more than they did a year ago.
Summary: The median home sold price in Mars was $525,000 in April 2024, up 45% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $202.5K | +8.0% |
| 2 Bedrooms | $180K | $281.9K | +56.6% |
| 3 Bedrooms | $329.9K | $380K | +15.2% |
| 4 Bedrooms | $659.9K | $665K | +0.8% |
| 5+ Bedrooms | $937.5K | $1.0M | +6.7% |
Summary: Mars housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 56.6%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Mars | $361.9K | $525K | +45.0% |
| Adams Township | $483K | $541.3K | +12.1% |
Housing Supply in Mars, PA
How many homes are available in Mars, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 70 | 0.0% |
Summary: The Mars real estate market had 70 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Mars housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 14 | -39.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mars, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Mars in April 2024, down by 39.1% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Mars, PA
How long does it take to sell a home in Mars, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 71 Days | +187.6% |
Summary: Homes in Mars had an average of 71 days on market in Apr 2024, up by 187.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mars are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Mars; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
