Is Bellefonte, PA 16823 a buyer’s or seller’s market?

The Bellefonte housing market right now

In the three months ending August 31, 2026, 34% of homes in Bellefonte, PA 16823 sold above their list price, the typical home went under contract in 9 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 114 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold faster (15 days then) and the median sale price rose 6% to $353,717. Overall, Bellefonte is more competitive than a year ago, so tougher for buyers.

Within Centre County, homes here sell faster than in 68% of the county’s ZIP codes, and sell more often over asking than in 79%. On our competition score, Bellefonte ranks #228 of 601 PA ZIP codes with enough sales (score 79 out of 100).

Nearby, buyers who want less competition could look at Pine Grove Mills 16868 (0% sold over asking) or Milesburg 16853 (0% sold over asking), while Karthaus 16845 (100% sold over asking) and Moshannon 16859 (50% sold over asking) are even more competitive.