Centre County Real Estate

State College, PA

Single-Family Homes

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State College, PA

Sat Mar 02 2024
This week the median list price for State College, PA is $610,000 with the market action index hovering around 45. This is an increase over last month's market action index of 41. Inventory has decreased to 31. Click here to stay informed with the State College market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

State College, PA

Sat Mar 02 2024
This week the median list price for State College, PA is $610,000 with the market action index hovering around 45. This is an increase over last month's market action index of 41. Inventory has decreased to 31. Click here to stay informed with the State College market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the State College market.
Median List Price $610,000
Median Price of New Listings $582,000
Per Square Foot $207
Average Days on Market 127
Median Days on Market 77
Price Decreased 26%
Price Increased 0%
Relisted 13%
Inventory 31
Median Rent
Market Action 45
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$969,500 3,643 0.25 - 0.5 acre 4 4 2 1 1 35
$709,450 3,139 0.25 - 0.5 acre 4 2.5 13 2 2 98
$575,000 2,982 0.25 - 0.5 acre 4 2.8 50 5 4 98
$329,900 1,717 8,000 - 10,000 sqft 3 2.5 63 0 3 98