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| MARCH 2025 | |||
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| Units Sold 204 |
Active Inventory 481 |
Median Sale Price $402,500 |
Days On Market 38 |
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| Down -3% Vs. Year Ago |
Up 12% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 12% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 204 sold this month in Mercer County Real Estate versus 154 last month, an increase of 32%. This month's total units sold was lower than at this time last year, a decrease of 3% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 51 units or 12%. The total number of active inventory this March was 481 compared to 430 in March 2024. This month's total of 481 is lower than the previous month's total supply of available inventory of 486, a decrease of 1%. |
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Median Sale Price
Last March, the median sale price for Mercer County Homes was $380,000. This March, the median sale price was $402,500, an increase of 6% or $22,500 compared to last year. The current median sold price is 10% lower than in February. 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 376 |
Current Contracts 321 |
Sold Vs. List Price 101.0% |
Months of Supply 2.4 |
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| Up 16% Vs. Year Ago |
Up 23% Vs. Year Ago |
Down -0.9% Vs. Year Ago |
Up 16% Vs. Year Ago |
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Months of Supply
In March, there was 2.4 months of supply available in Mercer County, compared to 2.0 in March 2024. That is an increase of 16% 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 376 homes newly listed for sale in Mercer County compared to 325 in March 2024, an increase of 16%. There were 321 current contracts pending sale this March compared to 261 a year ago. The number of current contracts is 23% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Mercer County was 101.0% of the average list price, which is 0.9% lower than at this time last year. Days on Market
This month, the average number of days on market was 38, higher than the average last year, which was 34, an increase of 12%. | |||
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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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