Is Punxsutawney, PA 15767 a buyer’s or seller’s market?
Punxsutawney is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Punxsutawney housing market right now
In the three months ending August 31, 2026, 17% of homes in Punxsutawney, PA 15767 sold above their list price, the typical home went under contract in 61 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (119 days then) and the median sale price rose 56% to $177,423. Overall, Punxsutawney is more competitive than a year ago, so tougher for buyers.
Within Jefferson County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Mayport 16240 (0% sold over asking) or Summerville 15864 (0% sold over asking).
Run the numbers for 15767
Nearby markets
Big Run 15715 $43 /sq ftBrockway 15824 $144 /sq ftBrookville 15825Buyer’s market $204 /sq ftCorsica 15829Buyer’s market $123 /sq ft Browse all markets →Towns like Punxsutawney nearby
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Questions about Punxsutawney real estate
Is Punxsutawney a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Punxsutawney, PA 15767 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Punxsutawney?
The typical home went under contract in 61 days in the latest three months.
Do homes in Punxsutawney sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Punxsutawney?
About 1.00% of a home’s value a year in Jefferson County, or roughly $4,000 on a $400,000 home.
What is the median home price in Punxsutawney?
The median sale price was $177,423 in the three months ending August 31, 2026, about $127 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology