Mercer County, PA Home Values & Market Trends

The median home price in Mercer County, PA is $153,868.96. There were 1,431 home sales in Mercer County, PA over the past 12 months. The median residential Mercer County, PA home value for transactions over the previous year is $120,000. The number of current listings in Mercer County, PA is 36, and the percentage of properties for sale is 36.00%. The county has 23 foreclosures, 11 bank owned properties, 11 headed for auction, and 36 properties for sale.

Mercer County, PA Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Sharon

$ 58,000

$ 117/sqft

Sandy Lake

$ --

$ --

Grove City

$ 176,400

$ 180/sqft

Hadley

$ 60,000

$ 37/sqft

Jamestown

$ 108,420

$ 94/sqft

Sharpsville

$ 62,590

$ --

Greenville

$ 68,000

$ 11/sqft

Sheakleyville

$ --

$ --

Mercer

$ 214,800

$ --

Clarks Mills

$ --

$ --

Farrell

$ 66,500

$ --

Clark

$ --

$ --

Fredonia

$ 199,000

$ --

Jackson Center

$ --

$ --

Hermitage

$ 261,229

$ --

Transfer

$ --

$ --

Stoneboro

$ 1,275,000

$ --

Carlton

$ --

$ --

West Middlesex

$ 150,100

$ --

Wheatland

$ --

$ --

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Housing Market Summary for Mercer County, PA

Mar 2023February 2024Change
Median Listing Price$79,450$142.4K79.25%
Median Sold Price$128.5K$142.4K10.86%
Homes For Sale364011.11%
Homes Sold8288755.68%
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Mercer County, PA

Mercer County, PA home values range from $12,040 to $8,065,358. Stoneboro is the priciest city with a median listing home price of $1,150,000, and Sharon is most affordable with average house prices of around $65,000.

Foreclosure
There are 20 cities within Mercer County, PA; within these cities, the median estimated home value for homes in foreclosure ranges from $254,558 in Greenville to the lowest value of $68,000 in Greenville. Foreclosure homes account for 0.00% of properties in Mercer County, PA with West Middlesex containing 5 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.00% of all residential properties in Mercer County, PA with Hermitage containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 20 cities within Mercer County, PA; of those cities, the estimated home value for pre-foreclosure homes ranges from $215,195 in Hermitage to the lowest home value of $215,195 in Hermitage.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Mercer County, PA ranges from the highest value of $181,400 in Hermitage to the lowest value of $68,000 in Greenville. Bank owned homes and properties account for 0.03% of properties in Mercer County, PA. There are 20 cities within Mercer County, PA; Grove City containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    West Middlesex has 3 auction properties, the highest number of properties going to auction in a single city in the state of Mercer County, PA. Auction homes and other auction properties account for 0.03% of all properties in Mercer County, PA. There are 20 cities within Mercer County, PA; of those cities, the median estimated home value for homes going to auction ranges from $219,604 in Hermitage to the lowest value of $96,590 in Hermitage.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.08% of residential properties in Mercer County, PA with Sharon containing 16 homes for sale, the highest number of listed properties in a single city. There are 20 cities within Mercer County, PA; homes for sale in those cities, have a range of median values from $1,275,000 in Stoneboro to the lowest value of $27,420 in Sharon.
    Sold Homes
    The median value for recently sold homes ranges from $228,080 in Carlton to the lowest price of $28,500 in Carlton. There are 20 cities within Mercer County, PA. Greenville has 147 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.65% of properties in Mercer County, PA.

      Compare Nearby Cities

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      Guide for Mercer County, PA

      Market Reports
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      RealtyTrac Market Report
      Pennsylvania
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Home Buying Guides & Tips
      Pennsylvania Foreclosure Laws
      Market Reports
      Newark Real Estate Market Report, March 2024
      See More Articles
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      Market Reports|posted 28 February 2024

      Philadelphia saw fluctuations in property values, price per square foot, and number of homes sold for the last 12 months.

      RealtyTrac Market Report
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Pennsylvania|posted 7 December 2023

      Explore Philadelphia’s evolving property market in our latest blog post, where we analyze the notable trends in property values, cost per square foot, and the complexity of average sold prices within the city’s vibrant real estate landscape.

      Pennsylvania Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Pennsylvania Foreclosure Laws

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.