Mercer County Housing Market Report March 2025•Mercer County, Pennsylvania

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Housing Prices in Mercer County, PA

How much do homes in Mercer County, PA cost?

Housing Market Conditions

Is Mercer County, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Mercer County is a Neutral Market

Difference Since March 2024

At the same time last year, Mercer County was a Seller's Market.

Insight

Mercer County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$164,062$128/SqFt
+$10,237
+6.7%

Based on all homes sold in the last 12 months

Insight

Homes in Mercer County have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Mercer County was $164,062 in March 2025, up 6.7% from last year, and the median price per square foot was $128.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Trumbull County
+13.8%
Crawford County
+13.3%
Mercer County
+6.7%
Butler County
+4.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$51.5K$57.5K
+11.7%
2$115.5K$107K
-7.4%
3$155K$175K
+12.9%
4$225K$188K
-16.4%
5$330K$305.2K
-7.5%

Summary: Mercer County housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +11.7%. The home price for 2 bedroom homes decreased by -7.4%. The home price for 3 bedroom homes increased by +12.9%. The home price for 4 bedroom homes decreased by -16.4%. The home price for 5 bedroom homes decreased by -7.5%.

How does Mercer County, PA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Mercer County, PA

Housing supply in Mercer County, PA

How many homes are available in Mercer County, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
364Last MonthMar 2025
3062 months agoFeb 2025
+19.0 %
Change MoMFeb – Mar

Summary: The Mercer County real estate market had 364 homes for sale in Mar 2025, a 19.0 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
52Last MonthMar 2025
422 months agoFeb 2025
+23.8 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
144
0.0%
26073
+21.7%
3166203
+22.3%
46069
+15.0%
51615
-6.3%

Summary: Mercer County housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +21.7%. The inventory for 3 bedroom homes increased by +22.3%. The inventory for 4 bedroom homes increased by +15.0%. The inventory for 5 bedroom homes decreased by -6.3%.

Asking Price vs. Sold Price

How much do homes in Mercer County, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price17 Homes

At Asking Price4 Homes

Under Asking Price31 Homes

Insight

If you're buying a home in Mercer County, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in Mercer County in March 2025, up by 23.8% month-over-month. Of the 52 sold homes, 60% were sold under asking, 8% were sold at asking, and and 33% were sold over asking.

Days on Market for Mercer County, PA

How long does it take to sell a home in Mercer County, PA?

Breakdown of Home Sale Times

Under 30 Days14 Homes

30 – 90 Days18 Homes

Over 90 Days20 Homes

Insight

Most homes in Mercer County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2025, 52 homes were sold in Mercer County; 27% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
86 DaysThis YearMar 2025
83 Days1 year agoMar 2024
+3.5 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Mercer County had an average listing age of 86 days in Mar 2025, up by 3.5% compared to the previous year.

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Newest Listings in Mercer County, PA

What homes are available in Mercer County, PA?

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Nearby markets

Popular Cities with Homes for Sale in Pennsylvania

MLS Disclaimers and Copyright

Based on information from West Penn Multi-List Inc., Erie MLS, MLS Now, BrightMLS, and New York State Alliance of MLS for the period 04/01/2023 - 04/01/2025

IDX 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: 4/5/2025, 10:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/5/2025, 10:16:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/5/2025, 10:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. 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: 4/5/2025, 10:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/5/2025, 10:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.