Is Bear Lake, PA 16402 a buyer’s or seller’s market?
Bear Lake is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Bear Lake housing market right now
In the three months ending August 31, 2026, 0% of homes in Bear Lake, PA 16402 sold above their list price, the typical home went under contract in 50 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 100%, homes sold more slowly (4 days then) and the median sale price fell 62% to $72,469. Overall, Bear Lake is less competitive than a year ago, which gives buyers more room.
Within Warren County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell 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 16402
Nearby markets
Clarendon 16313Buyer’s market $76 /sq ftColumbus 16405Seller’s market $125 /sq ftGarland 16416 — /sq ftGrand Valley 16420 — /sq ft Browse all markets →Where Bear Lake is
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Questions about Bear Lake real estate
Is Bear Lake a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Bear Lake, PA 16402 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 Bear Lake?
The typical home went under contract in 50 days in the latest three months.
Do homes in Bear Lake sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.7% of the list price.
What are property taxes in Bear Lake?
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 Bear Lake?
The median sale price was $72,469 in the three months ending August 31, 2026, about $36 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