Mercer County Housing Market Report February 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 Buyer's Market

Difference Since February 2024

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

Insight

Mercer County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$164,630$128/SqFt
+$12,774
+8.4%

Based on all homes sold in the last 12 months

Insight

Homes in Mercer County have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Mercer County was $164,630 in February 2025, up 8.4% 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
Crawford County
+13.4%
Trumbull County
+11.0%
Mercer County
+8.4%
Butler County
+6.3%

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.
BedsFeb 2024Feb 2025Change YoY
1$46.2K$68.5K
+48.1%
2$115K$107K
-7.0%
3$153.7K$175K
+13.8%
4$221K$188K
-14.9%
5$327.5K$305.4K
-6.7%

Summary: Mercer County housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +48.1%. The home price for 2 bedroom homes decreased by -7.0%. The home price for 3 bedroom homes increased by +13.8%. The home price for 4 bedroom homes decreased by -14.9%. The home price for 5 bedroom homes decreased by -6.7%.

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
320Last MonthFeb 2025
3242 months agoJan 2025
-1.2 %
Change MoMJan – Feb

Summary: The Mercer County real estate market had 320 homes for sale in Feb 2025, a 1.2 % decrease compared to Jan 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
39Last MonthFeb 2025
412 months agoJan 2025
-4.9 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
134
+33.3%
25758
+1.8%
3197178
-9.6%
45263
+21.2%
51517
+13.3%

Summary: Mercer County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes increased by +1.8%. The inventory for 3 bedroom homes decreased by -9.6%. The inventory for 4 bedroom homes increased by +21.2%. The inventory for 5 bedroom homes increased by +13.3%.

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 Price6 Homes

At Asking Price5 Homes

Under Asking Price28 Homes

Insight

If you're buying a home in Mercer County, you may be able to get a good deal. 71.8% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Mercer County in February 2025, down by 4.9% month-over-month. Of the 39 sold homes, 72% were sold under asking, 13% were sold at asking, and and 15% 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 Days7 Homes

30 – 90 Days17 Homes

Over 90 Days15 Homes

Insight

Avg time on Rocket Homes in Mercer County has remained consistent over time.

Summary: During February 2025, 39 homes were sold in Mercer County; 18% of homes were sold within 30 days, 44% 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
89 DaysThis YearFeb 2025
81 Days1 year agoFeb 2024
+10.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Mercer County had an average listing age of 89 days in Feb 2025, up by 10.0% 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, BrightMLS, MLS Now, and New York State Alliance of MLS for the period 03/01/2023 - 03/01/2025

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: 3/13/2025, 9:20:49 PM 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: 3/13/2025, 9:16:01 PM 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: 3/13/2025, 9:20:57 PM 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: 3/13/2025, 9:20:55 PM 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: 3/13/2025, 9:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.