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BELLEFONTE, PA 16823

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The BELLEFONTE, PA real estate market (16823) currently shows 62 active listings, with 31 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are selling faster, averaging 30 days on market compared to 81 days last year.

The median listing price has risen 9.1% year-over-year, from $393,745 to $429,700.

Whether you are buying or selling in BELLEFONTE, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 29,145  ·  Density: 90.5/mi²  ·  Median household income: $77,087

Typical home value: $244,267  ·  Homeownership: 72.8%

Market Overview

Active Listings
62
⇧ 14.8% vs 54 last year
Pending
31
50% pending ratio
Median Price
$429,700
⇧ 9.1% vs $393,745 last year
Average Price
$453,710
⇧ 13.1% vs $401,104 last year
Days on Market
30
⇩ 63% vs 81 days last year

Price Per Square Foot

Median $/sqft
$186
⇩ 4.1% vs $194/sqft last year
Median Home Size
2,082 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 62 this year vs 54 last year
  • Days on market: 30 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $429,700 (+9.1% YoY)
  • Average: $453,710 (+13.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.0 miles — 166 listings ($79,119,617 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16823Bellefonte, PA 168230.0 mi62$27,119,978$387,490$437,419
16841Howard, PA 168418.4 mi6$3,026,358$619,500$504,393
16828Centre Hall, PA 168289.2 mi12$5,620,548$412,495$468,379
16803State College, PA 1680310.6 mi33$25,780,359$489,900$781,223
16827Boalsburg, PA 1682711.2 mi6$5,165,700$860,950$860,950
16852Madisonburg, PA 1685211.9 mi5$2,245,000$449,000$449,000
16848Lamar, PA 1684813.5 mi1$207,900$207,900$207,900
16854Millheim, PA 1685415.5 mi4$1,195,120$325,000$298,780
16859Moshannon, PA 1685916.3 mi1$305,000$305,000$305,000
16865Pennsylvania Furnace, PA 1686517.6 mi2$720,000$360,000$360,000
17751Mill Hall, PA 1775118.6 mi13$3,328,494$194,250$256,038
17063Milroy, PA 1706319.1 mi16$3,710,160$235,000$231,885
16669Petersburg, PA 1666920.0 mi5$695,000$139,000$139,000

Frequently Asked Questions

How many homes are for sale in BELLEFONTE, PA 16823?

As of February 2026, there are 62 active listings in BELLEFONTE, PA (zip code 16823), compared to 54 the prior year.

What is the median home price in BELLEFONTE, PA 16823?

The median listing price in BELLEFONTE, PA 16823 is $429,700 as of February 2026, a 9.1% increase from $393,745 the prior year.

How long do homes stay on the market in BELLEFONTE, PA?

Homes in BELLEFONTE, PA 16823 spend an average of 30 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in BELLEFONTE, PA 16823?

Based on current inventory and days-on-market data as of February 2026, BELLEFONTE, PA 16823 is currently a Balanced Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are selling faster, averaging 30 days on market compared to 81 days last year.

How much can I save on real estate commission in BELLEFONTE, PA?

With SELL123.com's maximum 3% commission, sellers in BELLEFONTE, PA 16823 save an estimated $8,594 compared to a typical 5% commission on the median listing price of $429,700. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.