Is Lemont, PA 16851 a buyer’s or seller’s market?
Lemont is a seller’s market. With about 1.6 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 Lemont housing market right now
In the three months ending August 31, 2026, 0% of homes in Lemont, PA 16851 sold above their list price, the typical home went under contract in 40 days and there were 1.6 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 fell from 33%, homes sold more slowly (7 days then) and the median sale price rose 246% to $588,245. Overall, Lemont is less competitive than a year ago, which gives buyers more room.
Within Centre County, homes here sell more slowly than in 74% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Karthaus 16845 (100% sold over asking) and Moshannon 16859 (50% sold over asking) are even more competitive.
Run the numbers for 16851
Nearby markets
Aaronsburg 16820 — /sq ftBellefonte 16823Seller’s market $188 /sq ftBlanchard 16826 $176 /sq ftBoalsburg 16827Seller’s market $211 /sq ft Browse all markets →Where Lemont is
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Questions about Lemont real estate
Is Lemont a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Lemont, PA 16851 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 Lemont?
The typical home went under contract in 40 days in the latest three months.
Do homes in Lemont sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.
What are property taxes in Lemont?
About 1.05% of a home’s value a year in Centre County, or roughly $4,200 on a $400,000 home.
What is the median home price in Lemont?
The median sale price was $588,245 in the three months ending August 31, 2026, about $184 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