$809,300
195.70 Acres
Land
Theresa Mead, Listing Office: Cowanesque Lake Realty, LLC
Is Potter 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, Potter County was a Neutral Market.
Key Takeaway
Potter County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Potter County, PA
How much do homes in Potter County, PA cost?
Median Sold Price
$176,000
$137/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$63,500(-26.5%)
Key Takeaway
Homes in Potter County have sold for 26.5% less than they did a month ago.
Summary: The median home sold price in Potter County was $176,000 in October 2024, down 26.5% from last month, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $160K | $124K | -22.5% |
| 4 Bedrooms | - | $209.2K | N/A |
| 5+ Bedrooms | $319K | - | N/A |
Summary: Potter County 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 decreased by 22.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| McKean County | $81.2K | $86.4K | +6.4% |
| Potter County | $239.5K | $176K | -26.5% |
Housing Supply in Potter County, PA
How many homes are available in Potter County, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Potter County real estate market had 25 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Potter County 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Potter County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Potter County in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Potter County, PA
How long does it take to sell a home in Potter County, PA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +10.1% |
Summary: Homes in Potter County had an average of 23 days on market in Oct 2024, up by 10.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Potter County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Potter County; 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.
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.