Is Milesburg, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milesburg is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Milesburg was a Buyer's Market.

Key Takeaway

Milesburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Milesburg, PA

How much do homes in Milesburg, PA cost?

Median Sold Price

$205,000

$171/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$45,000(+28.1%)

Key Takeaway

Homes in Milesburg have sold for 28.1% more than they did a month ago.

Summary: The median home sold price in Milesburg was $205,000 in October 2024, up 28.1% from last month, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$241.8K
N/A
3 $160K$205K
+28.1%
4 --
N/A
5+ --
N/A

Summary: Milesburg housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 28.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Milesburg, PA

How many homes are available in Milesburg, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1210-16.7%

Summary: The Milesburg real estate market had 10 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 108
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Milesburg 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 decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milesburg, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Milesburg in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Milesburg, PA

How long does it take to sell a home in Milesburg, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
10 Days17 Days+78.3%

Summary: Homes in Milesburg had an average of 17 days on market in Oct 2024, up by 78.3% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Milesburg are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Milesburg; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Milesburg, PA

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