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State College PA Housing Market Report — 2026
Current market data for State College and Centre County: median prices, days on market, transfer tax rates, and neighborhood breakdown. Updated compiled July 2026 from Redfin rolling data ending 2026-06-30 and Zillow ZHVI as of 2026-06-30.
June 2026 Market Refresh.
Last updated: compiled July 2026 from Redfin rolling data ending 2026-06-30 and Zillow ZHVI as of 2026-06-30
This is the current source-backed market panel. Any earlier dated Redfin or Zillow figures elsewhere on this report are supplemental historical snapshots only, not the current refresh.
| Redfin median sale price | $449,755 |
|---|---|
| Year over year | +9.70% |
| Median days on market | 6 median days on market |
| Homes sold | 60 homes sold |
| Zillow ZHVI | $420,353 (+1.65% YoY) |
State College PA Redfin median sale price: $449,755 (+9.70% YoY), 6 median days on market, 60 homes sold for the rolling three months ending 2026-06-30 (Redfin Data Center; source updated 2026-07-03). State College PA Zillow ZHVI: $420,353. Zillow source label: Zillow Research city ZHVI as of 2026-06-30. Source scope: Redfin Data Center exact city row, rolling three months ending 2026-06-30; source updated 2026-07-03. Market data is background context only; property-specific value still depends on condition, title, occupancy, repairs, payoff, liens, and closing timeline.
Quick Answer: State College PA Housing Market 2026
The Redfin Data Center city row for the rolling three months ending 2026-06-30 reports a $449,755 State College median sale price (+9.70% year-over-year), 60 homes sold, and 6 median days on market. Zillow Research separately reports city ZHVI of $420,353 (+1.65% YoY) as of 2026-06-30. State College Borough charges a 3.00% total transfer tax (1% PA state + 2% local), while most other Centre County municipalities charge 2.00%. A direct offer remains property-specific and closing timing depends on title and seller readiness.
Key Market Metrics
| Metric | Value | Source |
|---|---|---|
| Median home value (Zillow ZHVI) | $420,353 (+1.65% YoY) | Zillow Research City ZHVI CSV, 2026-06-30 |
| Median sale price | $449,755 (+9.70% YoY) | Redfin city row, rolling three months ending 2026-06-30 |
| Median sale price per sq ft | $256 (+6.2% YoY) | Older supplemental Redfin context; not updated in the June source refresh |
| Median days on market | 6 days | Redfin city row, rolling three months ending 2026-06-30 |
| Sale-to-list ratio | 100.8% | Older supplemental Redfin context; not updated in the June source refresh |
| Redfin Compete Score | 91/100 | Older supplemental Redfin context; not updated in the June source refresh |
| Typical cash offer range | $294,000–$336,000 | 70-80% of Zillow ZHVI |
| Transfer tax — State College Borough | 3.00% | Centre County RTT Table |
| Transfer tax — most Centre County townships | 2.00% | Centre County RTT Table |
| Owner-occupied housing | 26.1% | DataUSA / ACS, 2024 |
| Renter-occupied housing | 73.9% | DataUSA / RentCafe, 2024 |
| Population (2024 est.) | 41,050 | US Census / PA Demographics |
The State College Borough Transfer Tax — What Sellers Need to Know
State College Borough charges a 3.00% total realty transfer tax — significantly above the 2.00% standard across most of Centre County. The breakdown matters:
| Component | Rate |
|---|---|
| Pennsylvania State RTT | 1.00% |
| State College Borough Local RTT | 1.50% ← above most municipalities |
| State College Area School District | 0.50% |
| Total | 3.00% |
On a $449,755 sale, total RTT is about $13,493. Customarily split 50/50, but negotiable. In cash investor transactions, the seller often pays the full 3%.
Source: Centre County Realty Transfer Tax Rates by Municipality (centrecountypa.gov)
State College Neighborhood Price Breakdown
Median prices vary sharply by neighborhood in State College. Owner-occupied zones like College Heights and Tusseyview command premiums; areas with higher student rental density see different pricing dynamics.
| Neighborhood | Median Price | Notes |
|---|---|---|
| Tusseyview | $619,000 | Highest-priced neighborhood per Redfin (Dec 2025 data). High volatility — +84.8% YoY. Limited inventory; single sales can swing the median significantly. |
| College Heights | ~$584,000 | Premium owner-occupied zone near campus. Popular with faculty. 1950s-70s colonial and ranch homes with large lots by borough standards. |
| State College South | $490,000–$519,000 | +3.1% to +25.6% YoY range (Redfin). Mix of 1960s-1980s homes. Strong owner-occupant demand. |
| Holmes-Foster Historic District | No recent median available | Pre-war craftsman bungalows and colonial revival homes. Owner-occupied premium. Older stock with character but higher maintenance costs. |
| Highlands | ~$360,000 | -5% YoY; ~21 days DOM (homes.com). Slightly longer DOM than citywide average — more room for buyer negotiation. |
| Orchard Park | Near citywide median | Family-oriented. Mix of 1970s-1980s ranches and split-levels. Popular with non-student residents. |
Neighborhood figures are prior local context from Redfin neighborhood data, homes.com, and Movoto; they were not updated in the June source refresh. Individual home values vary by condition, size, and lot.
What Penn State Means for the State College Housing Market
You can't understand State College real estate without understanding Penn State University Park. With 46,000+ enrolled students, the university drives everything: rental demand, seasonal inventory cycles, and the demographics of who actually owns homes here.
Only 26% of housing units are owner-occupied — one of the lowest rates of any Pennsylvania municipality. The other 74% are student and faculty rentals. That student population also distorts the median household income figures (reported at $45,424 — artificially low because students report minimal income). The actual non-student working population earns considerably more.
Prior local seasonal context, not updated in the June source refresh, described this academic-calendar pattern:
- May–August: Peak seller motivation — faculty relocations, lease turnovers, landlords listing
- January–March: Prior seasonal context described higher buyer competition and lower inventory; not a June refresh field
- November–January: Slowest period — between semesters, holiday season
Prior NeighborhoodScout context cited 7.68% appreciation over a past 12-month period; that figure was not refreshed in the June source refresh and is not used as a current source metric.
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State College Housing Market — FAQ
Related resources:
Sell Your State College Home for Cash · 2026 State College Seller Guide · Cash Offer vs. MLS Listing
Sources: Zillow ZHVI — State College · Redfin — State College Housing Market · Centre County RTT Rates · DataUSA — State College Demographics · NeighborhoodScout — State College Real Estate
Market data last updated: compiled July 2026 from Redfin rolling data ending 2026-06-30 and Zillow ZHVI as of 2026-06-30. Individual home values vary based on condition, location, and market timing. This page is for informational purposes — contact a licensed real estate professional for personalized advice.