Bellefonte’s rolling three-month data through September 2026 shows home values edging up compared with a year ago, with the typical home value up about 6 percent year over year. Listing prices have moved the opposite direction, dropping by roughly a third from last year, suggesting sellers are pricing more realistically. Inventory has expanded sharply, with active listings up about 85 percent and months of supply jumping to more than four times last year’s level.
In the most recent three-month window, buyers are seeing a median list price around $494,000 and a typical home value near $355,000. Homes are taking longer to sell, with a median of 93 days on market, even as months of supply has pulled back from mid‑year highs to about 6.4 months, pointing to more balance between supply and demand.
Sales activity remains modest, with just three homes sold and four pending in the latest period, down from last year’s sales pace but showing some near-term improvement in pending contracts. No properties closed above list price recently, and the average sale-to-list ratio sits near 95 percent, indicating buyers often have room to negotiate below asking. With new listings up more than fourfold year over year, choices have widened significantly compared with last fall. Agent Pronto can connect both buyers and sellers with a Bellefonte real estate agent who understands these shifting conditions and can guide them through their next move.
