Philipsburg, PA 16866 Real Estate Market Report

ZIP Code: 16866
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Philipsburg, PA is characterized by a median sold price of $152,500, reflecting a buyer-favorable environment as homes are selling below their listing prices. This trend indicates a decrease in home values, with the market experiencing a down trend year-over-year. The median days on market stands at an extended 291 days, suggesting slower sales velocity and potential pricing friction as buyers take longer to make purchasing decisions.

The current median listing price of $206,750 presents a significant gap compared to the median sold price, highlighting seller expectations that may not align with market realities. Elevated inventory levels are evident, with excess supply relative to sales activity, which contributes to the overall neutral market temperature. Local economic indicators suggest a neutral to negative outlook, further influencing buyer sentiment and market dynamics.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $152,500 indicates a significant gap from the median listing price of $206,750, suggesting pricing friction in the market.

2. Homes are taking an extended 291 days on market, reflecting slower sales velocity and a cautious buyer approach.

3. The market is experiencing a down trend in home values year-over-year, which may indicate softening demand.

4. Elevated inventory levels suggest excess supply relative to sales activity, impacting overall market liquidity.

5. The median market rent is $1,576, which is up year-over-year, indicating a contrasting strength in the rental market compared to the declining sales market.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.