Is Mercer Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mercer Township was a Neutral Market.
Housing Prices in Mercer Township, PA
How much do homes in Mercer Township, PA cost?
Median Sold Price
$290,000
$196/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Mercer Township was $290,000 in April 2024, up 5.5% from last month, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $250K | $220K | -12.0% |
4 Bedrooms | - | $321.9K | N/A |
5+ Bedrooms | $545K | - | N/A |
Summary: Mercer Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Pine Township | $212K | $391.5K | +84.7% |
Mercer Township | $275K | $290K | +5.5% |
Harrisville | $562.3K | $336.4K | -40.2% |
Housing Supply in Mercer Township, PA
How many homes are available in Mercer Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 36 | -2.7% |
Summary: The Mercer Township real estate market had 36 homes for sale in April 2024, a 2.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 25 | 22 | -12.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Mercer Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Mercer Township in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Mercer Township, PA
How long does it take to sell a home in Mercer Township, PA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 Days | 78 Days | -10.0% |
Summary: Homes in Mercer Township had an average of 78 days on market in Apr 2024, down by 10% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Mercer Township; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.