Is Elkland, PA 16920 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Elkland is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5Under 4 months = seller’s market
Sold above original list42.8%Share of sales, last 3 months
Median sale-to-list96.1%Sold price ÷ list price
Median days on market119Listing to accepted offer
Median price per sq ft$73▼ −27.4% vs. last year

The Elkland housing market right now

In the three months ending August 31, 2026, 43% of homes in Elkland, PA 16920 sold above their list price, the typical home went under contract in 119 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. 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 rose from 25%, homes sold faster (202 days then) and the median sale price fell 7% to $159,931. Overall, Elkland is more competitive than a year ago, so tougher for buyers.

Within Tioga County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell more often over asking than in 92%.

Nearby, buyers who want less competition could look at Cedar Run 17727 (0% sold over asking) or Westfield 16950 (0% sold over asking), while Morris 16938 (50% sold over asking) is even more competitive.

Nearby markets

Blossburg 16912Seller’s market $120 /sq ftCedar Run 17727 $367 /sq ftCovington 16917Seller’s market $187 /sq ftGaines 16921 $210 /sq ft Browse all markets →

Where Elkland is

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Questions about Elkland real estate

Is Elkland a buyer’s or seller’s market?

A balanced market: there were 5 months of supply in Elkland, PA 16920 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 Elkland?

The typical home went under contract in 119 days in the latest three months.

Do homes in Elkland sell over asking?

43% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.

What are property taxes in Elkland?

About 1.15% of a home’s value a year in Tioga County, or roughly $4,600 on a $400,000 home.

What is the median home price in Elkland?

The median sale price was $159,931 in the three months ending August 31, 2026, about $73 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