Is Conneaut Lake, PA 16316 a buyer’s or seller’s market?

The Conneaut Lake housing market right now

In the three months ending August 31, 2026, 11% of homes in Conneaut Lake, PA 16316 sold above their list price, the typical home went under contract in 24 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 29 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold faster (50 days then) and the median sale price rose 18% to $287,875. Overall, Conneaut Lake is more competitive than a year ago, so tougher for buyers.

Within Crawford County, homes here sell faster than in 53% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Conneaut Lake ranks #510 of 601 PA ZIP codes with enough sales (score 39 out of 100).

Nearby, buyers who want less competition could look at Venango 16440 (0% sold over asking) or Springboro 16435 (0% sold over asking), while Cochranton 16314 (63% sold over asking) and Cambridge Springs 16403 (46% sold over asking) are even more competitive.