New - 1 hour on Rocket
$2,672 Closing Credit¹
#1690089, Nancy Leo, Listing Office: Howard Hanna Real Estate Services
Hermitage Housing Market Report January 2025•Mercer County, Pennsylvania
Housing Prices in Hermitage, PA
How much do homes in Hermitage, PA cost?
Housing Market Conditions
Is Hermitage, PA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Hermitage is a Seller's Market
Difference Since January 2024
Since last year, Hermitage has remained a Seller's Market.
Insight
Hermitage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$228,175$142/SqFt
+$40,925
+21.9%
Based on all homes sold in the last 12 months
Insight
Homes in Hermitage have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Hermitage was $228,175 in January 2025, up 21.9% from last year, and the median price per square foot was $142.
Median Sold Price By Cities
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Farrell | $65K | $79.9K | +23.1% |
| Hermitage | $187.2K | $228.1K | +21.9% |
| Sharpsville | $175K | $146.5K | -16.3% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $177.4K | $195K | +9.9% |
| 33 Bedrooms | $175K | $200K | +14.3% |
| 44 Bedrooms | $291.1K | $290K | -0.4% |
| 55+ Bedrooms | $452.5K | $507.5K | +12.2% |
Summary: Hermitage housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +9.9%. The home price for 3 bedroom homes increased by +14.3%. The home price for 4 bedroom homes decreased by -0.4%. The home price for 5 bedroom homes increased by +12.2%.
Housing supply in Hermitage, PA
How many homes are available in Hermitage, PA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 37Last MonthJan 2025 | ||
| 452 months agoDec 2024 | -17.8 % Change MoMDec – Jan |
Summary: The Hermitage real estate market had 37 homes for sale in Jan 2025, a 17.8 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8Last MonthJan 2025 | ||
| 162 months agoDec 2024 | -50.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 10 | 7 | -30.0% |
| 33 Bedrooms | 26 | 21 | -19.2% |
| 44 Bedrooms | 5 | 6 | +20.0% |
| 55+ Bedrooms | 4 | 3 | -25.0% |
Summary: Hermitage 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 decreased by -30.0%. The inventory for 3 bedroom homes decreased by -19.2%. The inventory for 4 bedroom homes increased by +20.0%. The inventory for 5 bedroom homes decreased by -25.0%.
Asking Price vs. Sold Price
How much do homes in Hermitage, PA cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price6 Homes
Insight
If you're buying a home in Hermitage, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Hermitage in January 2025, down by 50.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and and 13% were sold over asking.
Days on Market for Hermitage, PA
How long does it take to sell a home in Hermitage, PA?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days2 Homes
Over 90 Days1 Home
Insight
Many homes in Hermitage are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 8 homes were sold in Hermitage; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 37 DaysThis YearJan 2025 | ||
| 88 Days1 year agoJan 2024 | -57.5 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Hermitage had an average listing age of 37 days in Jan 2025, down by 57.5% compared to the previous year.
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Newest Listings in Hermitage, PA
What homes are available in Hermitage, PA?
New - 1 day on Rocket
$7,718 Closing Credit¹
#1689541, Joseph Fusco, Listing Office: Berkshire Hathaway The Preferred Realty
New - 3 days on Rocket
$9,441 Closing Credit¹
#1689559, Samantha Blundo, Listing Office: Castle Realty
New - 6 days on Rocket
$4,738 Closing Credit¹
#1689290, The Sara McCauley Team, Listing Office: Berkshire Hathaway The Preferred Realty
New - 7 days on Rocket
$4,311 Closing Credit¹
#1681991, Karen Coulter, Listing Office: Keller Williams Realty
$5,344 Closing Credit¹
#1688962, Debra Shelby, Listing Office: Howard Hanna Real Estate Services
Backup offers
$2,969 Closing Credit¹
#1688913, Malinda Koncar, Listing Office: Berkshire Hathaway The Preferred Realty
$5,344 Closing Credit¹
#1687688, Debra Shelby, Listing Office: Howard Hanna Real Estate Services
$1,899 Closing Credit¹
#1687855, David Hall, Listing Office: Era Johnson Real Estate Inc.
Backup offers
$3,800 Closing Credit¹
#1686051, The Sara McCauley Team, Listing Office: Berkshire Hathaway The Preferred Realty
$2,138 Closing Credit¹
#1685875, Anna Myers, Listing Office: Real Of Pennsylvania
$6,293 Closing Credit¹
#1685737, Jody Yurcich, Listing Office: Howard Hanna Real Estate Services
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MLS Disclaimers and Copyright
Based on information from West Penn Multi-List Inc., for the period 02/01/2023 - 02/01/2025
The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright © 2025 West Penn Multi-List, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/1/2025, 2:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.