Is McKean County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, McKean County was a Seller's Market.
Housing Prices in McKean County, PA
How much do homes in McKean County, PA cost?
Median Sold Price
$100,000
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McKean County was $100,000 in April 2024, down 20% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | $47.4K | -37.6% |
2 Bedrooms | $79.7K | $78.5K | -1.6% |
3 Bedrooms | $119.9K | $120K | 0.1% |
4 Bedrooms | $132K | $110.6K | -16.2% |
5+ Bedrooms | $159.5K | $95K | -40.4% |
Summary: McKean County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.6%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 40.4%.
Housing Supply in McKean County, PA
How many homes are available in McKean County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 65 | -8.5% |
Summary: The McKean County real estate market had 65 homes for sale in April 2024, a 8.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The McKean County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in McKean County in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for McKean County, PA
How long does it take to sell a home in McKean County, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 149 Days | +266.0% |
Summary: Homes in McKean County had an average of 149 days on market in Apr 2024, up by 266% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in McKean County; 11% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 78% of homes were sold over 90 days.