Is Russell, PA 16345 a buyer’s or seller’s market?
Russell is a buyer’s market. With about 14.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Russell housing market right now
In the three months ending August 31, 2026, 0% of homes in Russell, PA 16345 sold above their list price, the typical home went under contract in 302 days and there were 14.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, 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 30%, homes sold more slowly (21 days then) and the median sale price rose 14% to $308,866. Overall, Russell is less competitive than a year ago, which gives buyers more room.
Within Warren County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Sugar Grove 16350 (50% sold over asking) and Sheffield 16347 (33% sold over asking) are even more competitive.
Run the numbers for 16345
Nearby markets
Bear Lake 16402Seller’s market $36 /sq ftClarendon 16313Buyer’s market $76 /sq ftColumbus 16405Seller’s market $125 /sq ftGarland 16416 — /sq ft Browse all markets →Towns like Russell nearby
Find towns like Russell in other states →Where Russell is
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Questions about Russell real estate
Is Russell a buyer’s or seller’s market?
A buyer’s market: there were 14.4 months of supply in Russell, PA 16345 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 Russell?
The typical home went under contract in 302 days in the latest three months.
Do homes in Russell sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.5% of the list price.
What are property taxes in Russell?
About 1.32% of a home’s value a year in Warren County, or roughly $5,280 on a $400,000 home.
What is the median home price in Russell?
The median sale price was $308,866 in the three months ending August 31, 2026, about $137 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology