Is Smethport, PA 16749 a buyer’s or seller’s market?
Smethport is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Smethport housing market right now
In the three months ending August 31, 2026, 0% of homes in Smethport, PA 16749 sold above their list price, the typical home went under contract in 105 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 fell from 33%, homes sold more slowly (28 days then) and the median sale price fell 16% to $154,933. Overall, Smethport is less competitive than a year ago, which gives buyers more room.
Within McKean County, homes here sell more slowly than in 75% 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 16749
Nearby markets
Bradford 16701Balanced $95 /sq ftCrosby 16724 — /sq ftCyclone 16726 — /sq ftDuke Center 16729 $110 /sq ft Browse all markets →Towns like Smethport nearby
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Questions about Smethport real estate
Is Smethport a buyer’s or seller’s market?
A balanced market: there were 5.9 months of supply in Smethport, PA 16749 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 Smethport?
The typical home went under contract in 105 days in the latest three months.
Do homes in Smethport sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Smethport?
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 Smethport?
The median sale price was $154,933 in the three months ending August 31, 2026, about $84 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