Is Mount Jewett, PA 16740 a buyer’s or seller’s market?
Mount Jewett 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 Mount Jewett housing market right now
In the three months ending August 31, 2026, 0% of homes in Mount Jewett, PA 16740 sold above their list price, the typical home went under contract in 333 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 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 (54 days then) and the median sale price rose 102% to $258,888. Overall, Mount Jewett is less competitive than a year ago, which gives buyers more room.
Within McKean County, homes here sell more slowly, 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 16740
Nearby markets
Bradford 16701Balanced $95 /sq ftCrosby 16724 — /sq ftCyclone 16726 — /sq ftDuke Center 16729 $110 /sq ft Browse all markets →Where Mount Jewett is
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Questions about Mount Jewett real estate
Is Mount Jewett a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Mount Jewett, PA 16740 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 Mount Jewett?
The typical home went under contract in 333 days in the latest three months.
Do homes in Mount Jewett sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.
What are property taxes in Mount Jewett?
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 Mount Jewett?
The median sale price was $258,888 in the three months ending August 31, 2026, about $212 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