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| MAY 2025 | |||
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| Units Sold 269 |
Active Inventory 582 |
Median Sale Price $479,990 |
Days On Market 32 |
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| Down -10% Vs. Year Ago |
Up 16% Vs. Year Ago |
Up 12% Vs. Year Ago |
Up 10% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 269 sold this month in Mercer County Real Estate versus 250 last month, an increase of 8%. This month's total units sold was lower than at this time last year, a decrease of 10% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 79 units or 16%. The total number of active inventory this May was 582 compared to 503 in May 2024. This month's total of 582 is lower than the previous month's total supply of available inventory of 625, a decrease of 7%. |
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Median Sale Price
Last May, the median sale price for Mercer County Homes was $430,000. This May, the median sale price was $479,990, an increase of 12% or $49,990 compared to last year. The current median sold price is 10% higher than in April. 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 383 |
Current Contracts 352 |
Sold Vs. List Price 101.4% |
Months of Supply 2.2 |
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| Down -15% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -2.6% Vs. Year Ago |
Up 29% Vs. Year Ago |
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Months of Supply
In May, there was 2.2 months of supply available in Mercer County, compared to 1.7 in May 2024. That is an increase of 29% 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 383 homes newly listed for sale in Mercer County compared to 449 in May 2024, a decrease of 15%. There were 352 current contracts pending sale this May compared to 356 a year ago. The number of current contracts is 1% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Mercer County was 101.4% of the average list price, which is 2.7% lower than at this time last year. Days on Market
This month, the average number of days on market was 32, higher than the average last year, which was 29, an increase of 10%. | |||
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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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