Philipsburg, PA 16866 Real Estate Market Report

ZIP Code: 16866
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Philipsburg, PA market are averaging approximately 6.30% to 6.69% as of May 2026, reflecting a period of volatility compared to earlier 2026 levels.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. median sold price of $163,000 is the primary indicator of market value and recent transaction activity; this level, compared with the median listing price of $297,000, suggests meaningful pricing friction between seller expectations and completed sales, which may indicate a gap between ask and realized value.

2. The market shows a price year-over-year trend of up while the market temperature is neutral, implying prices are rising but overall balance between buyers and sellers remains stable rather than strongly one-sided.

3. Liquidity appears slow: the median days on market is 304, which points to slower sales velocity and suggests listings take substantially longer to transact even as recent sold prices establish market value; this should be interpreted as reduced turnover rather than definitive weak demand.

4. Financing and carry considerations are a headwind: interest rate pressure is elevated and local 30-year fixed mortgage rates are currently 6.30% to 6.69%, which increases holding cost risk and may temper near-term buyer activity despite a rising price trend.

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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.