$4,156 Closing Credit*
$350,000
2,216 SqFt
3 Beds
•2 Full Baths
Lara Villanueva, Listing Office: Kissinger, Bigatel & Brower
Is Centre County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Centre County has remained a Seller's Market.
Key Takeaway
Centre County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centre County, PA
How much do homes in Centre County, PA cost?
Median Sold Price
$352,250
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,523(+0.4%)
Key Takeaway
The sold price of homes in Centre County has remained the same since last year.
Summary: The median home sold price in Centre County was $352,250 in November 2024, up 0.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $198K | $200K | +1.0% |
| 2 Bedrooms | $241K | $230.6K | -4.3% |
| 3 Bedrooms | $328.7K | $329.1K | 0.1% |
| 4 Bedrooms | $445K | $463.3K | +4.1% |
| 5+ Bedrooms | $599.9K | $585K | -2.5% |
Summary: Centre County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Counties
| Centre County | $350.7K | $352.2K | 0.4% |
| Mifflin County | $165.5K | $158.6K | -4.1% |
Housing Supply in Centre County, PA
How many homes are available in Centre County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 385 | 319 | -17.1% |
Summary: The Centre County real estate market had 319 homes for sale in November 2024, a 17.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 44 | 30 | -31.8% |
| 3 Bedrooms | 183 | 154 | -15.8% |
| 4 Bedrooms | 118 | 100 | -15.3% |
| 5+ Bedrooms | 36 | 32 | -11.1% |
Summary: The Centre County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 31.8%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 72 | -22.6% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centre County, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Centre County in November 2024, down by 22.6% month-over-month. Of the 72 sold homes, 49% were sold under asking, 29% were sold at asking, and 22% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +32.8% |
Summary: Homes in Centre County had an average of 36 days on market in Nov 2024, up by 32.8% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centre County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 72 homes were sold in Centre County; 54% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 10% 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.