New - 7 hours on Rocket
$6,293 Closing Credit¹
Jody Yurcich, Listing Office: Howard Hanna Real Estate Services
Hermitage Housing Market Report December 2024•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 December 2023
At the same time last year, Hermitage was a Buyer'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$137/SqFt
+$44,675
+24.3%
Based on all homes sold in the last 12 months
Insight
Homes in Hermitage have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Hermitage was $228,175 in December 2024, up 24.3% from last year, and the median price per square foot was $137.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Hermitage | $183.5K | $228.1K | +24.3% |
| Farrell | $65K | $69.5K | +6.9% |
| Sharpsville | $170.4K | $146.5K | -14.1% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $175K | $195K | +11.4% |
| 33 Bedrooms | $175K | $199.4K | +14.0% |
| 44 Bedrooms | $303K | $287K | -5.3% |
| 55+ Bedrooms | $430K | $507.5K | +18.0% |
Summary: Hermitage housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +11.4%. The home price for 3 bedroom homes increased by +14.0%. The home price for 4 bedroom homes decreased by -5.3%. The home price for 5 bedroom homes increased by +18.0%.
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 |
|---|---|---|
| 52Last MonthDec 2024 | ||
| 512 months agoNov 2024 | +2.0 % Change MoMNov – Dec |
Summary: The Hermitage real estate market had 52 homes for sale in Dec 2024, a 2.0 % increase compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthDec 2024 | ||
| 82 months agoNov 2024 | +100.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 13 | 13 | 0.0% |
| 33 Bedrooms | 29 | 29 | 0.0% |
| 44 Bedrooms | 6 | 6 | 0.0% |
| 55+ Bedrooms | 3 | 4 | +33.3% |
Summary: Hermitage housing inventory by bedroom type for December 2024, 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 remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in Hermitage, PA cost?
Over Asking Price4 Homes
At Asking Price4 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in Hermitage, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Hermitage in December 2024, up by 100.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% 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 Days10 Homes
30 – 90 Days3 Homes
Over 90 Days3 Homes
Insight
Many homes in Hermitage are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Hermitage; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 50 DaysThis YearDec 2024 | ||
| 69 Days1 year agoDec 2023 | -28.2 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Hermitage had an average listing age of 50 days in Dec 2024, down by 28.2% 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
$2,672 Closing Credit¹
Jennifer Kraynak, Listing Office: Berkshire Hathaway The Preferred Realty
New - 3 days on Rocket
$3,088 Closing Credit¹
Malinda Koncar, Listing Office: Berkshire Hathaway The Preferred Realty
New - 7 days on Rocket
$3,086 Closing Credit¹
Sandra Toulouse, Listing Office: Berkshire Hathaway The Preferred Realty
$2,730 Closing Credit¹
Kristen Thompson, Listing Office: Howard Hanna Real Estate Services
Tracy Mantzell, Listing Office: Re/Max Select Realty
$772 Closing Credit¹
Kimberly Cannon, Listing Office: Your Town Realty Llc
$3,551 Closing Credit¹
Matthew Nowinski, Listing Office: Berkshire Hathaway The Preferred Realty
$5,106 Closing Credit¹
Debra Shelby, Listing Office: Howard Hanna Real Estate Services
$3,147 Closing Credit¹
Francesca Ferrara{TheBlundo/FerraraTeam}, Listing Office: Castle Realty
Backup offers
$2,672 Closing Credit¹
The Sara McCauley Team, Listing Office: Berkshire Hathaway The Preferred Realty
$3,266 Closing Credit¹
David Hall, Listing Office: Era Johnson Real Estate Inc.
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MLS Disclaimers and Copyright
Based on information from West Penn Multi-List Inc., for the period 01/01/2023 - 01/01/2025
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: 1/21/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.