Is Port Allegany, PA 16743 a buyer’s or seller’s market?
Port Allegany is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Port Allegany housing market right now
In the three months ending August 31, 2026, 20% of homes in Port Allegany, PA 16743 sold above their list price, the typical home went under contract in 74 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, 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 25%, homes sold faster (80 days then) and the median sale price rose 12% to $159,931. Overall, Port Allegany is less competitive than a year ago, which gives buyers more room.
Within McKean County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Smethport 16749 (0% sold over asking) or Rixford 16745 (0% sold over asking).
Run the numbers for 16743
Nearby markets
Bradford 16701Balanced $95 /sq ftCrosby 16724 — /sq ftCyclone 16726 — /sq ftDuke Center 16729 $110 /sq ft Browse all markets →Towns like Port Allegany nearby
Find towns like Port Allegany in other states →Where Port Allegany is
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Questions about Port Allegany real estate
Is Port Allegany a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Port Allegany, PA 16743 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 Port Allegany?
The typical home went under contract in 74 days in the latest three months.
Do homes in Port Allegany sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 93.2% of the list price.
What are property taxes in Port Allegany?
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 Port Allegany?
The median sale price was $159,931 in the three months ending August 31, 2026, about $107 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