Altos Market Data for Realtors

State College, PA 16801

Single-Family Homes

Schedule a demo today at AltosResearch.com



State College, PA 16801

Thu Mar 28 2024
This week the median list price for State College, PA 16801 is $624,450 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 32. 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.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. 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 16801

Thu Mar 28 2024
This week the median list price for State College, PA 16801 is $624,450 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 32. 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.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. 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 $624,450
Median Price of New Listings $523,250
Per Square Foot $225
Average Days on Market 112
Median Days on Market 28
Price Decreased 22%
Price Increased 6%
Relisted 16%
Inventory 32
Median Rent
Market Action 42
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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
$1,034,000 4,498 0.25 - 0.5 acre 5 3.8 13 0 0 45
$754,000 3,346 0.25 - 0.5 acre 4 4 6 1 1 112
$574,500 2,803 0.25 - 0.5 acre 4 3 56 3 2 59
$370,000 1,890 0.25 - 0.5 acre 3 2.3 43 2 4 10