$5,878 Closing Credit*
$495,000
2,387 SqFt
4 Beds
•3 Full Baths, 1 Partial
Heather Hall, Listing Office: RE/MAX Together
Is 16827, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 16827 has remained a Seller's Market.
Key Takeaway
16827 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 16827, PA
How much do homes in 16827, PA cost?
Median Sold Price
$430,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,355(+8.4%)
Key Takeaway
Homes in 16827 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 16827 was $430,000 in October 2024, up 8.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $900K | N/A |
| 2 Bedrooms | $379.9K | $395K | +4.0% |
| 3 Bedrooms | $354K | $392.5K | +10.9% |
| 4 Bedrooms | $410K | $519K | +26.6% |
| 5+ Bedrooms | $711K | $787.5K | +10.8% |
Summary: 16827 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Zip Codes
| 16827 | $396.6K | $430K | +8.4% |
| 16801 | $388K | $407K | +4.9% |
| 16823 | $295K | $302.5K | +2.5% |
Housing Supply in 16827, PA
How many homes are available in 16827, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The 16827 real estate market had 15 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 16827 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 16827, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 16827 in October 2024, up by 600.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 16827, PA
How long does it take to sell a home in 16827, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 36 Days | +740.7% |
Summary: Homes in 16827 had an average of 36 days on market in Oct 2024, up by 740.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 16827 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 16827; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.