Is Fredonia, PA 16124 a buyer’s or seller’s market?
Fredonia 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.
The Fredonia housing market right now
In the three months ending August 31, 2026, 0% of homes in Fredonia, PA 16124 sold above their list price, the typical home went under contract in 387 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 fell from 20%, homes sold more slowly (80 days then) and the median sale price fell 67% to $69,970. Overall, Fredonia is less competitive than a year ago, which gives buyers more room.
Within Mercer County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, New Wilmington 16142 (60% sold over asking) and Jackson Center 16133 (50% sold over asking) are even more competitive.
Run the numbers for 16124
Nearby markets
Carlton 16311Seller’s market $152 /sq ftClarks Mills 16114 — /sq ftFarrell 16121Balanced — /sq ftGreenville 16125Seller’s market $67 /sq ft Browse all markets →Towns like Fredonia nearby
Find towns like Fredonia in other states →Where Fredonia is
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Questions about Fredonia real estate
Is Fredonia a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Fredonia, PA 16124 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 Fredonia?
The typical home went under contract in 387 days in the latest three months.
Do homes in Fredonia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 87.5% of the list price.
What are property taxes in Fredonia?
About 1.18% of a home’s value a year in Mercer County, or roughly $4,720 on a $400,000 home.
What is the median home price in Fredonia?
The median sale price was $69,970 in the three months ending August 31, 2026.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology