16720 Housing Market Report March 2025•Potter County, Pennsylvania

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Housing Prices in 16720, PA

How much do homes in 16720, PA cost?

Housing Market Conditions

Is 16720, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

16720 is a Seller's Market

Difference Since March 2024

Since last year, 16720 has remained a Seller's Market.

Insight

16720 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$180,000$139/SqFt
+$40,000
+28.6%

Based on all homes sold in the last 12 months

Insight

Homes in 16720 have sold for 28.6% more than they did a year ago.

Summary: The median home sold price in 16720 was $180,000 in March 2025, up 28.6% from last year, and the median price per square foot was $139.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
16720
+28.6%
16915
+23.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$130K$170K
+30.8%
2$213.2K$270K
+26.6%
3$457.8K$180K
-60.7%
4$54K-
N/A
5$120K$215K
+79.2%

Summary: 16720 housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes increased by +30.8%. The home price for 2 bedroom homes increased by +26.6%. The home price for 3 bedroom homes decreased by -60.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +79.2%.

How does 16720, PA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

16720, PA

Housing supply in 16720, PA

How many homes are available in 16720, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
7Last MonthMar 2025
82 months agoFeb 2025
-12.5 %
Change MoMFeb – Mar

Summary: The 16720 real estate market had 7 homes for sale in Mar 2025, a 12.5 % decrease compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthMar 2025
12 months agoFeb 2025
+100.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
122
0.0%
244
0.0%
321
-50.0%
400
0.0%
500
0.0%

Summary: 16720 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -50.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 16720, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 16720, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 16720 in March 2025, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 16720, PA

How long does it take to sell a home in 16720, PA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in 16720 are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 2 homes were sold in 16720; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
6 DaysThis YearMar 2025
0 Days1 year agoMar 2024
0.0 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in 16720 had an average listing age of 6 days in Mar 2025, down by .0% compared to the previous year.

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Newest Listings in 16720, PA

What homes are available in 16720, PA?

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Nearby markets aren't available for 16720, PA

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MLS Disclaimers and Copyright

Based on information from Northern Mountains of Pennsylvania MLS, and New York State Alliance of MLS for the period 04/01/2023 - 04/01/2025

IDX Information is provided by Northern Mountains of Pennsylvania MLS. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Northern Mountains of Pennsylvania MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/22/2025, 3:16:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 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: 4/22/2025, 3:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.