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| APRIL 2025 | |||
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| Units Sold 243 |
Active Inventory 558 |
Median Sale Price $435,000 |
Days On Market 34 |
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| Up 2% Vs. Year Ago |
Up 21% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 13% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in April, with 243 sold this month in Mercer County Real Estate versus 209 last month, an increase of 16%. This month's total units sold was higher than at this time last year, an increase of 2% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 98 units or 21%. The total number of active inventory this April was 558 compared to 460 in April 2024. This month's total of 558 is higher than the previous month's total supply of available inventory of 552, an increase of 1%. |
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Median Sale Price
Last April, the median sale price for Mercer County Homes was $412,500. This April, the median sale price was $435,000, an increase of 5% or $22,500 compared to last year. The current median sold price is 7% higher than in March. 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 410 |
Current Contracts 357 |
Sold Vs. List Price 102.7% |
Months of Supply 2.3 |
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| Up 1% Vs. Year Ago |
Up 9% Vs. Year Ago |
No Change Vs. Year Ago |
Up 20% Vs. Year Ago |
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Months of Supply
In April, there was 2.3 months of supply available in Mercer County, compared to 1.9 in April 2024. That is an increase of 19% 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 410 homes newly listed for sale in Mercer County compared to 405 in April 2024, an increase of 1%. There were 357 current contracts pending sale this April compared to 329 a year ago. The number of current contracts is 9% higher than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Mercer County was 102.7% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 34, higher than the average last year, which was 30, an increase of 13%. | |||
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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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