Search homes for sale in Mercer County with Freeman Smith.
Last month, Mercer County homes had a median sale price of $418K, marking a 12.2% increase from the previous year. Additionally, the median price per square foot rose to $274, up 10.5% year-over-year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In February 2025, Mercer County saw home prices rise by 12.2% year-over-year, reaching a median price of $418K. Despite higher prices, homes stayed on the market longer, averaging 57 days compared to just 39 days a year earlier. Additionally, sales volume decreased notably, with 156 homes sold this February compared to 207 in February 2024—reflecting tighter inventory and a more cautious market pace.
Based on recent data, Mercer County, NJ remains moderately competitive but shows signs of slowing momentum. The significant 12.2% year-over-year increase in median home prices to $418K indicates sustained buyer demand and limited housing inventory, driving prices upward. However, the rise in average days on market—from 39 days last year to 57 days now—suggests buyers are becoming more cautious or selective, taking additional time to finalize their purchasing decisions. Furthermore, the noticeable drop in total homes sold—from 207 homes last February down to 156 this year—points to tighter supply, affordability pressures, or possibly a shift in market sentiment. Collectively, these indicators imply that while Mercer County remains competitive due to limited inventory and rising prices, the market's pace has moderated, presenting potential buyers with slightly more negotiating leverage than previously seen.
As of February 2025, Mercer County, NJ, exhibits a balanced housing market, indicating that home supply and buyer demand are roughly aligned. This equilibrium suggests a relatively stable market environment, where neither buyers nor sellers hold a strong advantage. In such conditions, price fluctuations typically moderate, and negotiations become more balanced, benefiting both parties. Buyers can expect a fair selection of properties without intense competition, while sellers can still achieve reasonable prices without extended delays. However, the market's current balance also implies future shifts in inventory levels or buyer activity could quickly tip conditions toward either a seller’s or buyer’s advantage.
Whether you're looking for your ideal property or just have questions about the Mercer County market, Freeman (Jeff) Smith is here to guide you every step of the way. With deep local insights and personalized service, Jeff ensures your home-buying experience is seamless and successful. Reach out today to take the first step toward your new home!
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