Philipsburg, PA 16866 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

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.

Market Trends & Context

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

Key Findings

1. The primary indicator, median sold price is $163,500, which should be treated as the best reflection of recent transaction-level market value; sellers appear to be listing at a higher price point (median listing price $209,051), which suggests pricing friction between ask and realized sale levels and may indicate negotiation room for buyers.
2. The market shows slow liquidity with a median days on market of 311, which appears to signal slower sales velocity and implies that sellers may need longer marketing windows or price adjustments to transact efficiently.
3. Price and rent momentum are both positive: the price year-over-year trend is up and the rent year-over-year trend is up, while the market temperature is neutral, indicating gains in value and rent without a clear one-sided market advantage (balanced upward pressure).
4. Interest rate pressure is elevated, and local mortgage rates are reported at 6.375% to 6.53%, which may dampen affordability for some buyers and increase sensitivity to pricing—agents and sellers should account for higher financing costs when setting expectations.

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.