Is Centre County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Centre County has remained a Seller's Market.
Housing Prices in Centre County, PA
How much do homes in Centre County, PA cost?
Median Sold Price
$349,723
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Centre County was $349,723 in April 2024, up 3.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $196K | +1.8% |
2 Bedrooms | $221.5K | $236.5K | +6.8% |
3 Bedrooms | $303.3K | $327.5K | +8.0% |
4 Bedrooms | $445K | $443K | -0.4% |
5+ Bedrooms | $605K | $585K | -3.3% |
Summary: Centre County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Counties
Centre County | $339.3K | $349.7K | +3.1% |
Mifflin County | $167.5K | $150K | -10.4% |
Housing Supply in Centre County, PA
How many homes are available in Centre County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
325 | 349 | +7.4% |
Summary: The Centre County real estate market had 349 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 30 | 31 | +3.3% |
3 Bedrooms | 160 | 170 | +6.3% |
4 Bedrooms | 95 | 107 | +12.6% |
5+ Bedrooms | 33 | 35 | +6.1% |
Summary: The Centre County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 72 | +9.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Centre County in April 2024, up by 9.1% month-over-month. Of the 72 sold homes, 43% were sold under asking, 26% were sold at asking, and 31% were sold over asking.
Days on Market for Centre County, PA
How long does it take to sell a home in Centre County, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 28 Days | +30.3% |
Summary: Homes in Centre County had an average of 28 days on market in Apr 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 72 homes were sold in Centre County; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.