Is Hermitage, PA 16148 a buyer’s or seller’s market?

The Hermitage housing market right now

In the three months ending August 31, 2026, 18% of homes in Hermitage, PA 16148 sold above their list price, the typical home went under contract in 62 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 51 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 26%, homes sold more slowly (58 days then) and the median sale price rose 5% to $257,389. Overall, Hermitage is less competitive than a year ago, which gives buyers more room.

Within Mercer County, homes here sell faster than in 53% of the county’s ZIP codes, and sell less often over asking than in 73%. On our competition score, Hermitage ranks #551 of 601 PA ZIP codes with enough sales (score 31 out of 100).

Nearby, buyers who want less competition could look at Transfer 16154 (0% sold over asking) or Fredonia 16124 (0% sold over asking), while New Wilmington 16142 (60% sold over asking) and Jackson Center 16133 (50% sold over asking) are even more competitive.