Mercer County Real Estate Market: Trends and Insights for 2024

 

Are you looking to buy or sell a home in Mercer County, New Jersey? As Cardwell Thaxton, a seasoned Keller Williams Realtor® with The Cardwell Thaxton Group, I'm here to guide you through the latest trends and insights in our dynamic real estate market.

Mercer County Housing Market Overview 2024

  1. Strong Seller's Market Continues
    • Median home price: $376,000 (up 17.5% year-over-year)
    • Average days on market: 38 (down from 41 last year)
    • Sale-to-list price ratio: 102.2% (up 2.3 points year-over-year)
  2. High Demand, Low Inventory
    • Suburban areas seeing increased interest due to remote work trends
    • Limited housing supply leading to competitive bidding
  3. Rising Property Values
    • Median sale price per square foot: $252 (up 13.7% year-over-year)
    • Continued growth expected, benefiting both buyers and sellers
  4. Favorable Interest Rates
    • Relatively low rates encouraging market participation
    • Opportunity for long-term savings with strategic financing
Expert Tips for Mercer County Home Buyers
  1. Get Pre-Approved: Strengthen your offer in a competitive market
  2. Act Quickly: Homes are selling faster than last year
  3. Work with a Local Expert: Navigate the market with professional guidance
 Strategies for Mercer County Home Sellers
  1. Price Strategically: Capitalize on the 17.5% year-over-year price increase
  2. Enhance Curb Appeal: Stand out in a market where homes sell above list price
  3. Leverage Professional Marketing: Maximize exposure in a digital-first environment
  4. Call Cardwell Thaxton!

Why Choose The Cardwell Thaxton Group?

As your Mercer County real estate expert, I offer:

  • Realtor®, Senior Home Coach™, and SRES® certifications
  • Specialized knowledge in probate real estate
  • Personalized service tailored to your unique needs
Ready to make your move in Mercer County's thriving real estate market? Contact Cardwell Thaxton today at (908) 456-1593 or visit cardwellthaxtongroup.kw.com to schedule your consultation. Let's turn your real estate goals into reality!

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