Is Ellwood City, PA 16117 a buyer’s or seller’s market?

The Ellwood City housing market right now

In the three months ending August 31, 2026, 30% of homes in Ellwood City, PA 16117 sold above their list price, the typical home went under contract in 44 days and there were 4.3 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 44 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (31% then), homes sold faster (51 days then) and the median sale price rose 6% to $181,921. Overall, Ellwood City is about as competitive as it was a year ago.

Within Lawrence County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Ellwood City ranks #420 of 601 PA ZIP codes with enough sales (score 52 out of 100).

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.