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Is Loretto, PA 15940 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Loretto is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market8Listing to accepted offer
Median price per sq ft$61▼ −45.1% vs. last year

The Loretto housing market right now

In the three months ending August 31, 2026, 0% of homes in Loretto, PA 15940 sold above their list price, the typical home went under contract in 8 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold about as fast and the median sale price fell 7% to $259,788. Overall, Loretto is about as competitive as it was a year ago.

Within Cambria County, homes here sell faster than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Saint Michael 15951 (100% sold over asking) and Carrolltown 15722 (80% sold over asking) are even more competitive.

Run the numbers for 15940

Prefilled for 15940Can I win this house?Multiple-offer likelihood for a listing Prefilled for 15940Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ashville 16613 $219 /sq ftBeaverdale 15921Buyer’s market $24 /sq ftBelsano 15922 — /sq ftBlandburg 16619Buyer’s market — /sq ft Browse all markets →

Towns like Loretto nearby

Find towns like Loretto in other states →
Mineral Point, PA15942 · 14 miles away68% similarcheaper homes ($54K less) · smaller Alexandria, PA16611 · 28 miles away62% similarcheaper homes ($71K less) · older residents New Florence, PA15944 · 26 miles away61% similarcheaper homes ($84K less) · older residents Williamsburg, PA16693 · 21 miles away60% similarlower income ($25K less) · cheaper homes ($85K less)

Where Loretto is

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Questions about Loretto real estate

Is Loretto a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Loretto, PA 15940 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 Loretto?

The typical home went under contract in 8 days in the latest three months.

Do homes in Loretto sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Loretto?

About 1.23% of a home’s value a year in Cambria County, or roughly $4,920 on a $400,000 home.

What is the median home price in Loretto?

The median sale price was $259,788 in the three months ending August 31, 2026, about $61 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