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| JULY 2025 | |||
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| Units Sold 339 |
Active Inventory 622 |
Median Sale Price $540,000 |
Days On Market 28 |
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| Down -8% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 22% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 339 sold this month in Mercer County Real Estate versus 307 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 8% versus July 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 41 units or 7%. The total number of active inventory this July was 622 compared to 581 in July 2024. This month's total of 622 is lower than the previous month's total supply of available inventory of 683, a decrease of 9%. |
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Median Sale Price
Last July, the median sale price for Mercer County Homes was $469,950. This July, the median sale price was $540,000, an increase of 15% or $70,050 compared to last year. The current median sold price is 13% higher than in June. 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 381 |
Current Contracts 355 |
Sold Vs. List Price 102.2% |
Months of Supply 1.8 |
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| Down -7% 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 July, there was 1.8 months of supply available in Mercer County, compared to 1.6 in July 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 381 homes newly listed for sale in Mercer County compared to 410 in July 2024, a decrease of 7%. There were 355 current contracts pending sale this July compared to 289 a year ago. The number of current contracts is 23% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Mercer County was 102.2% 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 28, higher than the average last year, which was 23, an increase of 22%. | |||
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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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