$7,422 Closing Credit*
$625,000
3,442 SqFt
3 Beds
•3 Full Baths
Eric Hurvitz, Listing Office: RE/MAX Centre Realty
Is Bellefonte, 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, Bellefonte has remained a Seller's Market.
Key Takeaway
Bellefonte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellefonte, PA
How much do homes in Bellefonte, PA cost?
Median Sold Price
$309,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,100(+3.0%)
Key Takeaway
Homes in Bellefonte have sold for 3% more than they did a year ago.
Summary: The median home sold price in Bellefonte was $309,000 in October 2024, up 3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96.2K | - | N/A |
| 2 Bedrooms | $226K | $209.5K | -7.3% |
| 3 Bedrooms | $295.9K | $299K | +1.0% |
| 4 Bedrooms | $385K | $417.5K | +8.4% |
| 5+ Bedrooms | $520.8K | $640K | +22.9% |
Summary: Bellefonte 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 decreased by 7.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Bellefonte | $299.9K | $309K | +3.0% |
| Spring Township | $306.4K | $314.9K | +2.7% |
Housing Supply in Bellefonte, PA
How many homes are available in Bellefonte, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 79 | -4.8% |
Summary: The Bellefonte real estate market had 79 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 45 | 44 | -2.2% |
| 4 Bedrooms | 29 | 22 | -24.1% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Bellefonte housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellefonte, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Bellefonte in October 2024, up by 40.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 33% were sold at asking, and 14% were sold over asking.
Days on Market for Bellefonte, PA
How long does it take to sell a home in Bellefonte, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 79 Days | +136.5% |
Summary: Homes in Bellefonte had an average of 79 days on market in Oct 2024, up by 136.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellefonte are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Bellefonte; 52% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
