Is Philipsburg, PA 16866 a buyer’s or seller’s market?

The Philipsburg housing market right now

In the three months ending August 31, 2026, 43% of homes in Philipsburg, PA 16866 sold above their list price, the typical home went under contract in 9 days and there were 5 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. That’s based on 14 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (33 days then) and the median sale price rose 4% to $185,370. Overall, Philipsburg 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 84%.

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.