How much does it cost to buy a house in Mercer, ME?

In August 2026 Mercer homes were listed to buy for a median price of $275K, which is a 28% decrease to July 2025 last month, and a 27% decrease to August 2025 last year. The median value of a home listed to buy in Mercer in August 2026 was $152 per sqft, which is a 32% decrease to July 2025 last month, and a 32% decrease to August 2025 last year.

Is it affordable or expensive to live in Mercer, ME?

It is affordable to live in Mercer. Buying a home in Mercer is 1% less expensive compared with the national average.

Is it a good time to buy property in Mercer, ME?

Yes now is a good time to buy property in Mercer, in August 2026, homes in Mercer have decreased in value (price per sqft) by 32% in the last year compared with August 2025.

Are home prices dropping in Mercer, ME?

Home price are dropping in Mercer, in August 2026, homes to buy in Mercer have decreased in median list price by 11% compared with July 2026, one month ago.

Is the Mercer, ME housing market slowing down?

The housing market in Mercer is slowing down. In August 2026, homes to buy in Mercer spent an median 23 days on the market, a 56% decrease from August 2025 last year.

How much money should I make to buy a house in Mercer, ME?

In August 2026, Mercer homes were listed to buy for a median price of $275K, with 25% down you would need $1.61K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $55.4K.

Is it a good time to sell my house in Mercer, ME?

Yes now is a good time to sell your house in Mercer, in August 2026, homes in Mercer have decreased in value (price per sqft) by 32% in the last year compared with August 2025.