Is Eldred, PA 16731 a buyer’s or seller’s market?
Eldred is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Eldred housing market right now
In the three months ending August 31, 2026, 0% of homes in Eldred, PA 16731 sold above their list price, the typical home went under contract in 104 days and there were 9.6 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 was about the same (0% then), homes sold more slowly (44 days then) and the median sale price fell 21% to $66,396. Overall, Eldred is less competitive than a year ago, which gives buyers more room.
Within McKean County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Port Allegany 16743 (20% sold over asking) and Bradford 16701 (11% sold over asking) are even more competitive.
Run the numbers for 16731
Nearby markets
Bradford 16701Balanced $95 /sq ftCrosby 16724 — /sq ftCyclone 16726 — /sq ftDuke Center 16729 $110 /sq ft Browse all markets →Towns like Eldred nearby
Find towns like Eldred in other states →Where Eldred is
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Questions about Eldred real estate
Is Eldred a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Eldred, PA 16731 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 Eldred?
The typical home went under contract in 104 days in the latest three months.
Do homes in Eldred sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.5% of the list price.
What are property taxes in Eldred?
About 1.59% of a home’s value a year in McKean County, or roughly $6,360 on a $400,000 home.
What is the median home price in Eldred?
The median sale price was $66,396 in the three months ending August 31, 2026, about $42 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