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| AUGUST 2025 | |||
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| Units Sold 301 |
Active Inventory 629 |
Median Sale Price $509,500 |
Days On Market 29 |
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| Down -8% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 32% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 301 sold this month in Mercer County Real Estate versus 351 last month, a decrease of 14%. This month's total units sold was lower than at this time last year, a decrease of 8% versus August 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 30 units or 5%. The total number of active inventory this August was 629 compared to 599 in August 2024. This month's total of 629 is lower than the previous month's total supply of available inventory of 690, a decrease of 9%. |
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Median Sale Price
Last August, the median sale price for Mercer County Homes was $468,450. This August, the median sale price was $509,500, an increase of 9% or $41,050 compared to last year. The current median sold price is 4% lower than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 318 |
Current Contracts 280 |
Sold Vs. List Price 100.4% |
Months of Supply 2.1 |
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| Down -20% Vs. Year Ago |
Down -9% Vs. Year Ago |
Down -2.3% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Months of Supply
In August, there was 2.1 months of supply available in Mercer County, compared to 1.8 in August 2024. That is an increase of 14% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 318 homes newly listed for sale in Mercer County compared to 398 in August 2024, a decrease of 20%. There were 280 current contracts pending sale this August compared to 309 a year ago. The number of current contracts is 9% lower than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Mercer County was 100.4% of the average list price, which is 2.3% lower than at this time last year. Days on Market
This month, the average number of days on market was 29, higher than the average last year, which was 22, an increase of 32%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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