#R1620831, Michelle Zimmerman, Listing office: Zimmerman Realty LLC
16701 Housing Market Report June 2025•McKean County, Pennsylvania
Housing Prices in 16701, PA
How much do homes in 16701, PA cost?
Housing Market Conditions
Is 16701, PA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
16701 is a Seller's Market
Difference Since June 2024
At the same time last year, 16701 was a Neutral Market.
16701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 16701 have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in 16701 was $115,000 in June 2025, up 21.7% from last year, and the median price per square foot was $83.
Median Sold Price By Bedrooms
Beds | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $49.2K | $85K | +72.6% |
22 Bedrooms | $70K | $65K | -7.1% |
33 Bedrooms | $101.7K | $130.9K | +28.7% |
44 Bedrooms | $129.9K | $129.9K | 0.0% |
55+ Bedrooms | $75K | $161.8K | +115.8% |
Summary: 16701 housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes increased by +72.6%. The home price for 2 bedroom homes decreased by -7.1%. The home price for 3 bedroom homes increased by +28.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +115.8%.
How does 16701, PA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
16701, PA
Housing supply in 16701, PA
How many homes are available in 16701, PA?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
61Last MonthJun 2025 | ||
462 months agoMay 2025 | +32.6 % Change MoMMay – Jun |
Summary: The 16701 real estate market had 61 homes for sale in Jun 2025, a 32.6 % increase compared to May 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
11Last MonthJun 2025 | ||
62 months agoMay 2025 | +83.3 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
Beds | May 2025 | Jun 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 1 | 0.0% |
22 Bedrooms | 7 | 12 | +71.4% |
33 Bedrooms | 23 | 27 | +17.4% |
44 Bedrooms | 10 | 10 | 0.0% |
55+ Bedrooms | 5 | 11 | +120.0% |
Summary: 16701 housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +71.4%. The inventory for 3 bedroom homes increased by +17.4%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +120.0%.
Asking Price vs. Sold Price
How much do homes in 16701, PA cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price9 Homes
If you're buying a home in 16701, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 16701 in June 2025, up by 83.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and and 0% were sold over asking.
Days on Market for 16701, PA
How long does it take to sell a home in 16701, PA?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days2 Homes
Over 90 Days1 Home
Many homes in 16701 are selling fast, if you're buying plan to act quickly.
Summary: During June 2025, 11 homes were sold in 16701; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
31 DaysThis YearJun 2025 | ||
43 Days1 year agoJun 2024 | -28.9 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in 16701 had an average listing age of 31 days in Jun 2025, down by 28.9% compared to the previous year.
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Newest Listings in 16701, PA
What homes are available in 16701, PA?
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MLS Disclaimers and Copyright
Based on information from New York State Alliance of MLS, and West Branch Valley Association of Realtors MLS for the period 07/01/2023 - 07/01/2025

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© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/10/2025, 1:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/10/2025, 1:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.