Centre County, PA Home Values & Market Trends

The median home price in Centre County, PA is $316,139.14. There were 1,324 home sales in Centre County, PA over the past 12 months. The median residential Centre County, PA home value for transactions over the previous year is $315,000. The number of current listings in Centre County, PA is 49, and the percentage of properties for sale is 49.00%. The county has 17 foreclosures, 1 bank owned properties, 15 headed for auction, and 49 properties for sale.

Centre County, PA Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
State College

$ 342,375

$ 192/sqft

Coburn

$ --

$ --

Bellefonte

$ 247,000

$ 155/sqft

Rebersburg

$ --

$ --

Philipsburg

$ 152,000

$ 91/sqft

Madisonburg

$ --

$ --

Port Matilda

$ 360,203

$ 161/sqft

Milesburg

$ --

$ --

Snow Shoe

$ 156,147

$ 140/sqft

Millheim

$ --

$ --

Centre Hall

$ 588,050

$ 157/sqft

Clarence

$ --

$ --

Spring Mills

$ 481,495

$ 159/sqft

Orviston

$ --

$ --

Boalsburg

$ 620,956

$ 224/sqft

Blanchard

$ --

$ --

Howard

$ 273,202

$ 111/sqft

Lemont

$ --

$ --

Pennsylvania Furnace

$ 188,952

$ 154/sqft

Woodward

$ --

$ --

Moshannon

$ 146,400

$ 133/sqft

University Park

$ --

$ --

Aaronsburg

$ 299,900

$ 192/sqft

Sandy Ridge

$ --

$ --

Pine Grove Mills

$ --

$ --

Julian

$ --

$ --

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Housing Market Summary for Centre County, PA

Mar 2023February 2024Change
Median Listing Price$304.9K$299.8K-1.69%
Median Sold Price$291.5K$299.8K2.84%
Homes For Sale2245104.55%
Homes Sold61972116.48%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Centre County, PA

Centre County, PA home values range from $20,916 to $2,748,397. Spring Mills is the priciest city with a median listing home price of $999,950, and Moshannon is most affordable with average house prices of around $39,900.

Foreclosure
There are 26 cities within Centre County, PA; within these cities, the median estimated home value for homes in foreclosure ranges from $288,571 in Snow Shoe to the lowest value of $96,112 in Snow Shoe. Foreclosure homes account for 0.00% of properties in Centre County, PA with State College containing 4 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.00% of all residential properties in Centre County, PA with State College containing 1 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 26 cities within Centre County, PA; of those cities, the estimated home value for pre-foreclosure homes ranges from $733,346 in State College to the lowest home value of $733,346 in State College.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Centre County, PA ranges from the highest value of $104,853 in Philipsburg to the lowest value of $104,853 in Philipsburg. Bank owned homes and properties account for 0.00% of properties in Centre County, PA. There are 26 cities within Centre County, PA; Philipsburg containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Bellefonte has 3 auction properties, the highest number of properties going to auction in a single city in the state of Centre County, PA. Auction homes and other auction properties account for 0.04% of all properties in Centre County, PA. There are 26 cities within Centre County, PA; of those cities, the median estimated home value for homes going to auction ranges from $377,815 in Port Matilda to the lowest value of $96,112 in Port Matilda.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.12% of residential properties in Centre County, PA with State College containing 18 homes for sale, the highest number of listed properties in a single city. There are 26 cities within Centre County, PA; homes for sale in those cities, have a range of median values from $699,500 in Centre Hall to the lowest value of $84,900 in Philipsburg.
    Sold Homes
    The median value for recently sold homes ranges from $573,802 in Lemont to the lowest price of $21,930 in Lemont. There are 26 cities within Centre County, PA. State College has 235 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 1.48% of properties in Centre County, PA.

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      Guide for Centre County, PA

      Market Reports
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      RealtyTrac Market Report
      Pennsylvania
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Home Buying Guides & Tips
      Pennsylvania Foreclosure Laws
      Market Reports
      Newark Real Estate Market Report, March 2024
      See More Articles
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      Market Reports|posted 28 February 2024

      Philadelphia saw fluctuations in property values, price per square foot, and number of homes sold for the last 12 months.

      RealtyTrac Market Report
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Pennsylvania|posted 7 December 2023

      Explore Philadelphia’s evolving property market in our latest blog post, where we analyze the notable trends in property values, cost per square foot, and the complexity of average sold prices within the city’s vibrant real estate landscape.

      Pennsylvania Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Pennsylvania Foreclosure Laws

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      Recently Listed Homes Centre County, PA

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