Is Bellefonte, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bellefonte was a Seller's Market.
Key Takeaway
Bellefonte is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bellefonte, PA
How much do homes in Bellefonte, PA cost?
Median Sold Price
$295,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bellefonte have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Bellefonte was $295,000 in March 2024, down 1.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $96.2K | N/A |
| 2 Bedrooms | $185K | $214K | +15.7% |
| 3 Bedrooms | $281.2K | $295.9K | +5.2% |
| 4 Bedrooms | $371.4K | $407.5K | +9.7% |
| 5+ Bedrooms | $367.5K | $520.8K | +41.7% |
Summary: Bellefonte housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 41.7%.
Median Sold Price Compared To Nearby Cities
| Bellefonte | $300.4K | $295K | -1.8% |
| Spring Township | $308K | $299K | -2.9% |
Housing Supply in Bellefonte, PA
How many homes are available in Bellefonte, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 69 | +7.8% |
Summary: The Bellefonte real estate market had 69 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Bellefonte housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bellefonte, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bellefonte in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Bellefonte, PA
How long does it take to sell a home in Bellefonte, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 56 Days | +152.1% |
Summary: Homes in Bellefonte had an average of 56 days on market in Mar 2024, up by 152.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bellefonte has remained consistent over time.
Summary: During March 2024, 10 homes were sold in Bellefonte; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
