New - 5 days on Rocket
$1,661 Closing Credit¹
#QC4260137, Jen Miller, Listing Office: RE/MAX Concepts Bettendorf
Mercer Township Housing Market Report January 2025•Mercer County, Illinois
Housing Prices in Mercer Township, IL
How much do homes in Mercer Township, IL cost?
Housing Market Conditions
Is Mercer Township, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Mercer Township is a Buyer's Market
Difference Since January 2024
At the same time last year, Mercer Township was a Seller's Market.
Insight
Mercer Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$123,000$85/SqFt
+$23,100
+23.1%
Based on all homes sold in the last 12 months
Insight
Homes in Mercer Township have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Mercer Township was $123,000 in January 2025, up 23.1% from last year, and the median price per square foot was $85.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Mercer Township | $99.9K | $123K | +23.1% |
| Aledo | $110K | $129K | +17.3% |
| Greene Township | $145K | $139.4K | -3.8% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $55.9K | $25K | -55.3% |
| 22 Bedrooms | $74.9K | $91.5K | +22.2% |
| 33 Bedrooms | $110K | $141K | +28.2% |
| 44 Bedrooms | $160K | $184K | +15.0% |
| 55+ Bedrooms | $179.9K | $132.5K | -26.3% |
Summary: Mercer Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -55.3%. The home price for 2 bedroom homes increased by +22.2%. The home price for 3 bedroom homes increased by +28.2%. The home price for 4 bedroom homes increased by +15.0%. The home price for 5 bedroom homes decreased by -26.3%.
Housing supply in Mercer Township, IL
How many homes are available in Mercer Township, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 15Last MonthJan 2025 | ||
| 142 months agoDec 2024 | +7.1 % Change MoMDec – Jan |
Summary: The Mercer Township real estate market had 15 homes for sale in Jan 2025, a 7.1 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthJan 2025 | ||
| 52 months agoDec 2024 | -60.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 2 | 2 | 0.0% |
| 33 Bedrooms | 7 | 8 | +14.3% |
| 44 Bedrooms | 5 | 5 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Mercer Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +14.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Mercer Township, IL cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price0 Home
Insight
If you're buying a home in Mercer Township, 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 Mercer Township in January 2025, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.
Days on Market for Mercer Township, IL
How long does it take to sell a home in Mercer Township, IL?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days1 Home
Insight
Many homes in Mercer Township are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 2 homes were sold in Mercer Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 72 DaysThis YearJan 2025 | ||
| 49 Days1 year agoJan 2024 | +46.9 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Mercer Township had an average listing age of 72 days in Jan 2025, up by 46.9% compared to the previous year.
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Newest Listings in Mercer Township, IL
What homes are available in Mercer Township, IL?
New - 5 days on Rocket
$1,602 Closing Credit¹
#QC4260132, Lynn Hergert, Listing Office: Ruhl&Ruhl REALTORS Moline
$1,009 Closing Credit¹
#QC4259802, Starr Fell, Listing Office: EXP REALTY, LLC
$3,800 Closing Credit¹
#QC4259524, Starr Fell, Listing Office: EXP REALTY, LLC
$1,543 Closing Credit¹
#QC4259504, Billie Pence, Listing Office: RE/MAX Concepts Moline
Backup offers
$1,483 Closing Credit¹
#CA1033781, Sara Varner, Listing Office: Platinum Key Real Estate, LLC
$1,128 Closing Credit¹
#QC4259237, Sharon Esslinger, Listing Office: RE/MAX Country Crossroads
$1,068 Closing Credit¹
#QC4259019, Robert Maynard, Listing Office: Ford & Maynard Agency
$1,900 Closing Credit¹
#QC4258771, Zach Frick, Listing Office: EXP REALTY, LLC
$1,651 Closing Credit¹
#CA1032169, Bryan Scott Young, Listing Office: Western Illinois Realty LLC
$1,663 Closing Credit¹
#QC4252253, Robert Maynard, Listing Office: Ford & Maynard Agency
Nearby markets
Nearby markets aren't available for Mercer Township, IL
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 02/01/2023 - 02/01/2025
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 9:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.