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Featured local agent — Mercer, TN
Sarah Mitchell
Compass Real Estate · Mercer, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mercer, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$156,700median sale price
How is the Mercer, TN housing market right now?
The median home sale price in Mercer, TN is $156,700. Homes sell in an average of 76 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of January 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Mercer a buyer's or seller's market?
Mercer, TN is currently a balanced market and homes selling in about 76 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
76
Average pace
Active listings
—
Sale-to-list
101.1%
Above asking
What does the Mercer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $156,700 |
| Average days on market | 76 days |
| Sale-to-list price ratio | 101.1% |
| Median price per sq ft | $109/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Mercer by property type?
How the Mercer, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $156,700 | $109/sq ft | 1 | 76 days |
Source: Redfin · Updated monthly
The Mercer housing market is currently classified as a balanced market with a median sale price of $156,700. Prices have fallen 0.0% compared to last year, with homes spending an average of 76 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Mercer
Explore homes currently listed for sale in Mercer, Tennessee across major real estate platforms.
Who lives in Mercer?
Population
61
Median age
60.3 years
Owner-occupied
100.0%
College grads
19.7%
Source: U.S. Census Bureau ACS
What are homes worth in Mercer?
Zillow home value
$206,373
Source: Zillow Research
What is it like to live in Mercer?
Mercer is a community of approximately 0K residents with a median age of 60.3 years. 19.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment.Overall, Mercer offers a distinctive character that appeals to different lifestyle preferences.
Which cities are near Mercer, TN?
Want a head-to-head view? Compare Mercer side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mercer?
The median home sale price in Mercer is $156,700, down 0.0% from last year.
How long do homes stay on market in Mercer?
Homes typically spend 76 days on market before going under contract.
What is the Zillow home value estimate for Mercer?
The Zillow Home Value Index (ZHVI) for Mercer is $206,373, representing the typical home value in the area.
How much does a single-family home cost in Mercer?
The median single-family home price in Mercer, TN is $156,700 (about $109 per square foot).
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