Centre County Real Estate

State College, PA

Single-Family Homes

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State College, PA

Sun Jul 14 2024
This week the median list price for State College, PA is $527,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 38. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

State College, PA

Sun Jul 14 2024
This week the median list price for State College, PA is $527,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has increased to 38. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the State College market.
Median List Price $527,000
Median Price of New Listings $394,900
Per Square Foot $206
Average Days on Market 86
Median Days on Market 28
Price Decreased 32%
Price Increased 0%
Relisted 0%
Inventory 38
Median Rent
Market Action 48
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 4,044 0.25 - 0.5 acre 5 4 19 0 0 168
$715,000 3,464 0.25 - 0.5 acre 4 4 27 2 1 14
$479,900 2,666 0.25 - 0.5 acre 3 3 35 1 2 70
$387,450 1,863 0.25 - 0.5 acre 3 2 64 5 1 7