Is Mc Kean, PA 16426 a buyer’s or seller’s market?
Mc Kean is a seller’s market. With about 2.7 months of supply and 43% 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 Mc Kean housing market right now
In the three months ending August 31, 2026, 43% of homes in Mc Kean, PA 16426 sold above their list price, the typical home went under contract in 10 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (16 days then) and the median sale price fell 12% to $269,883. Overall, Mc Kean is more competitive than a year ago, so tougher for buyers.
Within Erie County, homes here sell more slowly than in 54% of the county’s ZIP codes, and sell more often over asking than in 67%.
Nearby, buyers who want less competition could look at Albion 16401 (17% sold over asking) or Erie 16503 (18% sold over asking), while West Springfield 16443 (100% sold over asking) and Harborcreek 16421 (60% sold over asking) are even more competitive.
Run the numbers for 16426
Nearby markets
Albion 16401Seller’s market $123 /sq ftCorry 16407Seller’s market $97 /sq ftCranesville 16410Seller’s market $160 /sq ftEast Springfield 16411Seller’s market $96 /sq ft Browse all markets →Towns like Mc Kean nearby
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Questions about Mc Kean real estate
Is Mc Kean a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Mc Kean, PA 16426 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 Mc Kean?
The typical home went under contract in 10 days in the latest three months.
Do homes in Mc Kean sell over asking?
43% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Mc Kean?
About 1.60% of a home’s value a year in Erie County, or roughly $6,400 on a $400,000 home.
What is the median home price in Mc Kean?
The median sale price was $269,883 in the three months ending August 31, 2026, about $160 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