Is Bessemer, PA 16112 a buyer’s or seller’s market?
Bessemer is a seller’s market. With about 1.8 months of supply and 14% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Bessemer housing market right now
In the three months ending August 31, 2026, 14% of homes in Bessemer, PA 16112 sold above their list price, the typical home went under contract in 178 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (67 days then) and the median sale price fell 24% to $109,952. Overall, Bessemer is less competitive than a year ago, which gives buyers more room.
Within Lawrence County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 67%.
Nearby, buyers who want less competition could look at Volant 16156 (0% sold over asking) or New Galilee 16141 (0% sold over asking), while West Pittsburg 16160 (50% sold over asking) and New Castle 16102 (37% sold over asking) are even more competitive.
Run the numbers for 16112
Nearby markets
Edinburg 16116Seller’s market $112 /sq ftEllwood City 16117Balanced $135 /sq ftEnon Valley 16120Buyer’s market $160 /sq ftHillsville 16132 $30 /sq ft Browse all markets →Towns like Bessemer nearby
Find towns like Bessemer in other states →Where Bessemer is
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Questions about Bessemer real estate
Is Bessemer a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Bessemer, PA 16112 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 Bessemer?
The typical home went under contract in 178 days in the latest three months.
Do homes in Bessemer sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 92.6% of the list price.
What are property taxes in Bessemer?
About 1.34% of a home’s value a year in Lawrence County, or roughly $5,360 on a $400,000 home.
What is the median home price in Bessemer?
The median sale price was $109,952 in the three months ending August 31, 2026, about $114 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