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Is Milesburg, PA 16853 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Milesburg is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market8Listing to accepted offer
Median price per sq ft$163▼ −2.7% vs. last year

The Milesburg housing market right now

In the three months ending August 31, 2026, 0% of homes in Milesburg, PA 16853 sold above their list price and the typical home went under contract in 8 days. With only 1 sale, 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 faster (13 days then) and the median sale price fell 23% to $214,907. Overall, Milesburg is about as competitive as it was a year ago.

Within Centre County, homes here sell faster than in 79% 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 16853

Prefilled for 16853Can I win this house?Multiple-offer likelihood for a listing Prefilled for 16853Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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 Milesburg is

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Questions about Milesburg real estate

How fast do homes sell in Milesburg?

The typical home went under contract in 8 days in the latest three months.

Do homes in Milesburg sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Milesburg?

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 Milesburg?

The median sale price was $214,907 in the three months ending August 31, 2026, about $163 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