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16740 Housing Market Report June 2025•McKean County, Pennsylvania

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Housing Prices in 16740, PA

How much do homes in 16740, PA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$129,000$141/SqFt
-$21,000
-14.0%

Based on all homes listed in June 2025

Insight

The list price of homes in 16740 has decreased by 14% since May.

Summary: The median home list price in 16740 was $129,000 in June 2025, down 14% from the previous month, and the median price per square foot was $141.

Median List Price By Zip Codes

Median List 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 MoM
16738
-2.2%
16740
-14.0%

Median List Price By Bedrooms

Median List 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.
BedsMay 2025Jun 2025Change MoM
1--
N/A
2$136K$136K
0.0%
3$369.9K$129K
-65.1%
4--
N/A
5--
N/A

Summary: 16740 housing price by bedroom type for June 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -65.1%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does 16740, PA compare with other places?

Market comparison tool

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

16740, PA

Housing supply in 16740, PA

How many homes are available in 16740, 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
5Last MonthJun 2025
32 months agoMay 2025
+66.7 %
Change MoMMay – Jun

Summary: The 16740 real estate market had 5 homes for sale in Jun 2025, a 66.7 % increase compared to May 2025.

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.
BedsMay 2025Jun 2025Change MoM
100
0.0%
222
0.0%
313
+200.0%
400
0.0%
500
0.0%

Summary: 16740 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 remained the same. The inventory for 3 bedroom homes increased by +200.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for 16740, PA

How long does it take to sell a home in 16740, PA?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
101 DaysLast MonthJun 2025
126 Days1 month agoMay 2025
-19.4 %
Change MoMMay – Jun

Summary: Homes in 16740 had an average listing age of 101 days in Jun 2025, down by 19.4% compared to the previous month.

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Newest Listings in 16740, PA

What homes are available in 16740, PA?

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Nearby markets

Nearby markets aren't available for 16740, PA

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MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS, for the period 05/01/2025 - 07/01/2025

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: 7/21/2025, 5:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.