OfferBackedBuyer Tools

Is Lewis Run, PA 16738 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Lewis Run 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.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.1%Sold price ÷ list price
Median days on market3Listing to accepted offer
Median price per sq ft$64▼ −55.8% vs. last year

The Lewis Run housing market right now

In the three months ending August 31, 2026, 0% of homes in Lewis Run, PA 16738 sold above their list price, the typical home went under contract in 3 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 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 50%, homes sold faster (94 days then) and the median sale price fell 55% to $79,965. Overall, Lewis Run is less competitive than a year ago, which gives buyers more room.

Within McKean County, homes here sell faster, and 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 16738

Prefilled for 16738Can I win this house?Multiple-offer likelihood for a listing Prefilled for 16738Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bradford 16701Balanced $95 /sq ftCrosby 16724 — /sq ftCyclone 16726 — /sq ftDuke Center 16729 $110 /sq ft Browse all markets →

Towns like Lewis Run nearby

Find towns like Lewis Run in other states →
Weedville, PA15868 · 39 miles away89% similarolder residents Shinglehouse, PA16748 · 27 miles away84% similarolder residents · more renters Friendship, NY14739 · 38 miles away84% similarcheaper homes ($41K less) Hinsdale, NY14743 · 29 miles away83% similarcheaper homes ($26K less) · older residents

Where Lewis Run is

Loading map…

Questions about Lewis Run real estate

Is Lewis Run a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Lewis Run, PA 16738 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 Lewis Run?

The typical home went under contract in 3 days in the latest three months.

Do homes in Lewis Run sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.1% of the list price.

What are property taxes in Lewis Run?

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 Lewis Run?

The median sale price was $79,965 in the three months ending August 31, 2026, about $64 per square foot.

Local agents

See all agents in 16738 →

No sponsored agents in 16738 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 16738

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 McKean County property taxesMcKean County loan limitsClosing costs in PennsylvaniaHottest ZIP codes in Pennsylvania
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

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