Is Farrell, PA 16121 a buyer’s or seller’s market?

The Farrell housing market right now

In the three months ending August 31, 2026, 42% of homes in Farrell, PA 16121 sold above their list price, the typical home went under contract in 43 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 12 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 31%, homes sold faster (106 days then) and the median sale price fell 37% to $50,378. Overall, Farrell is more competitive than a year ago, so tougher for buyers.

Within Mercer County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 80%.

Nearby, buyers who want less competition could look at Transfer 16154 (0% sold over asking) or Fredonia 16124 (0% sold over asking), while New Wilmington 16142 (60% sold over asking) and Jackson Center 16133 (50% sold over asking) are even more competitive.