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HERMITAGE, PA 16148

Real Estate Market Report  ·  Mercer County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The HERMITAGE, PA real estate market (16148) currently shows 62 active listings, with 22 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 86 days on market compared to 39 days last year.

The median listing price has fallen 3.8% year-over-year, from $262,475 to $252,475.

Whether you are buying or selling in HERMITAGE, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 16,710  ·  Density: 204.7/mi²  ·  Median household income: $67,366

Typical home value: $174,048  ·  Homeownership: 73.1%

Market Overview

Active Listings
62
⇧ 34.8% vs 46 last year
Pending
22
35% pending ratio
Median Price
$252,475
⇩ 3.8% vs $262,475 last year
Average Price
$369,696
⇩ 8.5% vs $403,979 last year
Days on Market
86
⇧ 120.5% vs 39 days last year

Price Per Square Foot

Median $/sqft
$169
⇩ 23.5% vs $221/sqft last year
Median Home Size
1,488 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 62 this year vs 46 last year
  • Days on market: 86 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $252,475 (-3.8% YoY)
  • Average: $369,696 (-8.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 13.7 miles — 300 listings ($81,373,654 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16148Hermitage, PA 161480.0 mi53$18,561,978$266,000$350,226
16121Farrell, PA 161213.7 mi15$1,344,870$76,750$89,658
16150Sharpsville, PA 161503.9 mi15$2,030,205$117,400$135,347
44438Masury, OH 444385.4 mi7$787,360$116,175$112,480
44403Brookfield, OH 444037.9 mi8$6,300,744$324,900$787,593
44425Hubbard, OH 444258.5 mi28$7,709,772$272,450$275,349
16137Mercer, PA 1613710.0 mi31$15,947,516$374,500$514,436
16140New Bedford, PA 1614010.4 mi1$227,000$227,000$227,000
44505Youngstown, OH 4450512.0 mi45$8,251,470$153,450$183,366
16125Greenville, PA 1612512.4 mi59$12,722,465$164,975$215,635
44436Lowellville, OH 4443613.3 mi12$3,483,672$190,250$290,306
16116Edinburg, PA 1611613.4 mi4$1,412,384$290,000$353,096
44504Youngstown, OH 4450413.7 mi22$2,594,218$121,250$117,919

Frequently Asked Questions

How many homes are for sale in HERMITAGE, PA 16148?

As of April 2026, there are 62 active listings in HERMITAGE, PA (zip code 16148), compared to 46 the prior year.

What is the median home price in HERMITAGE, PA 16148?

The median listing price in HERMITAGE, PA 16148 is $252,475 as of April 2026, a 3.8% decrease from $262,475 the prior year.

How long do homes stay on the market in HERMITAGE, PA?

Homes in HERMITAGE, PA 16148 spend an average of 86 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in HERMITAGE, PA 16148?

Based on current inventory and days-on-market data as of April 2026, HERMITAGE, PA 16148 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 39 days last year.

How much can I save on real estate commission in HERMITAGE, PA?

With SELL123.com's maximum 3% commission, sellers in HERMITAGE, PA 16148 save an estimated $5,050 compared to a typical 5% commission on the median listing price of $252,475. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.