$1,128 Closing Credit*
$95,000
2,903 SqFt
4 Beds
•2 Full Baths
Debra Rolick, Listing Office: Howard Hanna Professionals - Kane
Is McKean County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, McKean County was a Buyer's Market.
Key Takeaway
McKean County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in McKean County, PA
How much do homes in McKean County, PA cost?
Median Sold Price
$87,950
$80/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$2,000(-2.2%)
Key Takeaway
Homes in McKean County have sold for 2.2% less than they did a month ago.
Summary: The median home sold price in McKean County was $87,950 in November 2024, down 2.2% from last month, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $18.2K | - | N/A |
| 2 Bedrooms | $83K | $87.9K | +6.0% |
| 3 Bedrooms | $95K | $40K | -57.9% |
| 4 Bedrooms | $110K | $162.5K | +47.7% |
| 5+ Bedrooms | - | $64K | N/A |
Summary: McKean County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 57.9%, 4 bedroom homes increased by 47.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Potter County | $176K | $180K | +2.3% |
| McKean County | $89.9K | $87.9K | -2.2% |
Housing Supply in McKean County, PA
How many homes are available in McKean County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 98 | 0.0% |
Summary: The McKean County real estate market had 98 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 43 | 42 | -2.3% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The McKean County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McKean County, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in McKean County in November 2024, up by 16.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for McKean County, PA
How long does it take to sell a home in McKean County, PA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 43 Days | -3.7% |
Summary: Homes in McKean County had an average of 43 days on market in Nov 2024, down by 3.7% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McKean County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in McKean County; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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