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The median list price per square foot in Mercer County is $66, which is lower than the Bluefield Metro average of $72. The median price of homes currently listed in Mercer County is $112,000 while the median price of homes that sold is $75,500.
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Mercer County is 2.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Mercer County homeowners underwater on their mortgage is 11.6%.more