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16748 Housing Market Report July 2025•Potter County, Pennsylvania

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Housing Prices in 16748, PA

How much do homes in 16748, PA cost?

Housing Market Conditions

Is 16748, 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

16748 is a Buyer's Market

Difference Since July 2024

At the same time last year, 16748 was a Neutral Market.

Insight

16748 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$160,000$134/SqFt
-$43,500
-21.4%

Based on all homes sold in the last 12 months

Insight

Homes in 16748 have sold for 21.4% less than they did a year ago.

Summary: The median home sold price in 16748 was $160,000 in July 2025, down 21.4% from last year, and the median price per square foot was $134.

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.
BedsJul 2024Jul 2025Change YoY
1$90K$210K
+133.3%
2$90K$103.5K
+15.0%
3$245K$160K
-34.7%
4$302.5K-
N/A
5--
N/A

Summary: 16748 housing price by bedroom type for July 2025, compared to the previous year. The home price for 1 bedroom homes increased by +133.3%. The home price for 2 bedroom homes increased by +15.0%. The home price for 3 bedroom homes decreased by -34.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does 16748, PA compare with other places?

Market comparison tool

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

16748, PA

Housing supply in 16748, PA

How many homes are available in 16748, 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
11Last MonthJul 2025
92 months agoJun 2025
+22.2 %
Change MoMJun – Jul

Summary: The 16748 real estate market had 11 homes for sale in Jul 2025, a 22.2 % increase compared to Jun 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
1Last MonthJul 2025
02 months agoJun 2025
+100.0 %
Change MoMJun – Jul

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.
BedsJun 2025Jul 2025Change MoM
122
0.0%
233
0.0%
312
+100.0%
433
0.0%
501
+100.0%

Summary: 16748 housing inventory by bedroom type for July 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 +100.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in 16748, 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 Price1 Home

Insight

If you're buying a home in 16748, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 16748 in July 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 16748, PA

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in 16748, PA

What homes are available in 16748, PA?

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Nearby markets

Nearby markets aren't available for 16748, PA

Popular Cities with Homes for Sale in Pennsylvania

MLS Disclaimers and Copyright

Based on information from Northern Mountains of Pennsylvania MLS, and New York State Alliance of MLS for the period 08/01/2023 - 08/01/2025

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: 8/2/2025, 12:45:38 AM 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: 8/1/2025, 5:15:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.