Is Reno, PA 16343 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Reno is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Reno housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Venango County, PA

Population	670
Median income	$83,264
Average income	$82,539
Median home value	$106,100
Owner-occupied	88% of homes
Median year built	1938
Walkability	7.4 of 20Below average

Natural hazard riskWinter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 16343; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA); walkability from the EPA National Walkability Index.

Run the numbers for 16343

Prefilled for 16343Can I win this house?Multiple-offer likelihood for a listing Prefilled for 16343Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cooperstown 16317Seller’s market $138 /sq ft Cranberry 16319 — /sq ft Emlenton 16373Buyer’s market $56 /sq ft Franklin 16323Seller’s market $62 /sq ft Browse all markets →

Where Reno is

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Questions about Reno real estate

What are property taxes in Reno?

About 1.27% of a home’s value a year in Venango County, or roughly $5,080 on a $400,000 home.

Local agents

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More tools for 16343

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Venango County property taxes Venango County loan limits Closing costs in Pennsylvania Hottest ZIP codes in Pennsylvania

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology