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BELLEFONTE, PA 16823

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BELLEFONTE, PA real estate market (16823) currently shows 79 active listings, with 47 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

Homes are selling faster, averaging 38 days on market compared to 39 days last year.

The median listing price has risen 2.5% year-over-year, from $384,990 to $394,675.

Whether you are buying or selling in BELLEFONTE, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 29,145  ·  Density: 90.5/mi²  ·  Median household income: $77,087

Typical home value: $244,267  ·  Homeownership: 72.8%

Market Overview

Active Listings
79
⇧ 14.5% vs 69 last year
Pending
47
59% pending ratio
Median Price
$394,675
⇧ 2.5% vs $384,990 last year
Average Price
$436,668
⇧ 11.5% vs $391,521 last year
Days on Market
38
⇩ 2.6% vs 39 days last year

Price Per Square Foot

Median $/sqft
$200
⇧ 4.2% vs $192/sqft last year
Median Home Size
1,925 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 79 this year vs 69 last year
  • Days on market: 38 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $394,675 (+2.5% YoY)
  • Average: $436,668 (+11.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.0 miles — 206 listings ($96,032,821 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16823Bellefonte, PA 168230.0 mi62$28,130,020$429,700$453,710
16841Howard, PA 168418.4 mi7$3,469,830$605,725$495,690
16828Centre Hall, PA 168289.2 mi15$7,056,840$327,500$470,456
16803State College, PA 1680310.6 mi40$18,986,160$444,718$474,654
16827Boalsburg, PA 1682711.2 mi8$6,257,984$623,450$782,248
16852Madisonburg, PA 1685211.9 mi5$2,132,500$449,000$426,500
16868Pine Grove Mills, PA 1686815.3 mi2$762,300$381,150$381,150
16822Beech Creek, PA 1682216.2 mi5$1,292,375$199,500$258,475
16870Port Matilda, PA 1687017.2 mi20$17,334,260$626,250$866,713
17084Reedsville, PA 1708418.2 mi7$995,610$129,900$142,230
17751Mill Hall, PA 1775118.6 mi16$5,159,168$299,250$322,448
17063Milroy, PA 1706319.1 mi16$3,797,424$235,000$237,339
16669Petersburg, PA 1666920.0 mi3$658,350$219,450$219,450

Frequently Asked Questions

How many homes are for sale in BELLEFONTE, PA 16823?

As of March 2026, there are 79 active listings in BELLEFONTE, PA (zip code 16823), compared to 69 the prior year.

What is the median home price in BELLEFONTE, PA 16823?

The median listing price in BELLEFONTE, PA 16823 is $394,675 as of March 2026, a 2.5% increase from $384,990 the prior year.

How long do homes stay on the market in BELLEFONTE, PA?

Homes in BELLEFONTE, PA 16823 spend an average of 38 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in BELLEFONTE, PA 16823?

Based on current inventory and days-on-market data as of March 2026, BELLEFONTE, PA 16823 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice. Homes are selling faster, averaging 38 days on market compared to 39 days last year.

How much can I save on real estate commission in BELLEFONTE, PA?

With SELL123.com's maximum 3% commission, sellers in BELLEFONTE, PA 16823 save an estimated $7,894 compared to a typical 5% commission on the median listing price of $394,675. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.