Central PA real estate

Buying a home: What to Expect in 2021

Buying a Home: What to expect in 2021

The market has been booming in 2020- with interest rates at an all time low. Most agents and homeowners actually had an easier time selling & buying than prior years. During the pandemic people have been finding more affordable living spaces and relocating.

Now what to expect for 2021? Now extended time at home is shaping how people live everyday and where they want to live beyond the pandemic.

In 2021, here are a few trends shaping for the housing market:

  • Interest rates are expected to remain low but increase gradually.
  • Average home prices will rise.
  • Home inventory will remain low, despite plenty of new construction.
  • Homebuyers will stay focused on the suburbs.
  • Renters hurt financially by the pandemic will continue to struggle, and rental assistance is needed.

The housing market will continue to flourish during the start of 2021. Homebuyers should not be...

110 Sawmill Road - Port Matilda

110 Sawmill Road, Port Matilda

Looking for that peaceful setting with room to breathe? Welcome to this Bosak quality built home on almost one acre, minutes from shopping & Penn State featuring an open floor plan, updated kitchen & baths, first floor owners bed and bath, unfinished walk-out basement with double doors to yard which can serve as a great workshop or finished space. The outdoors beacons with beautiful views of horse pastures from your large covered front porch complete with newly painted swing or admire your treed back yard and raised vegetable garden from your back deck. Inside you will love the natural light, cathedral ceiling, and wood stove in the great room. All new windows in 2015, cherry vanities by Medallion, granite counter tops, porcelain sinks, new light fixtures, custom craftsman style banister, quartz double basin kitchen sink, are just...

158 Sand Mountain Road - Spring Mills

158 Sand Mountain Road, Spring Mills 

Cherished traditions and simple pleasures of elegant country life.

Situated on 3.95 Wooded acres and near State Forest Land, this home has so much to offer. Beautiful stone fireplace, gleaming hardwood floors and an updated kitchen with granite countertops. Spacious tiled sunroom provides a tranquil setting overlooking landscaped yard.

The finished lower level offers a cozy family room and kitchenette.

Let us show you the way to buy this home.

Call KBB at 814-234-4000 to schedule a private showing!

View homes for sale in Spring Mills:

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1246 Houserville Road - State College

1246 Houserville Road, State College

Perfect as a first-time home, for first-floor living, or as an investment, this terrific ranch has a nice yard, and is steps away from Spring Creek Elementary as well as beautiful Spring Creek Park.

Move into a totally redone interior; fully renovated bath and kitchen boasting granite countertops and SS appliances.

New windows and LVT flooring throughout, and a 14-month buyer home warranty.

Just move in, unpack and enjoy!

Call KBB at 814-234-4000 to schedule a private showing!

View homes for sale in State College:

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346 E Mccormick Avenue - State College

346 E Mccormick Avenue, State College

Looking for a mid-century home in the State College Borough? You've found the right block.

Ranch style home with two car garage on a nice lot. 3 bedrooms and 2 full baths on the main level with over 1,000 square feet of finished space in the lower level which has the 3rd full bath and two walk outs.

Hardwood floors, two stone fireplaces, covered porches and a lot of potential!!

Call KBB at 814-234-4000 to schedule a private showing!

View homes for sale in State College:

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Centre County MLS Report - October 5, 2020

5 Centre County School Districts'* Active Residential Listings as of October 5, 2020: 232

Average List Price of Active Listings: ­$384,964

Average Days on Market of Active Listings:­ 116

Residential Sales Activity September 27, 2020 - October 3, 2020

New Listings: 32
SCASD: 15
Bellefonte: 10
Other SD: 7
Average List Price: $331,172

Pended Listings: 32
SCASD: 14
Bellefonte SD: 11
Other SD: 7
Average List Price: $258,213
Average Days on Market: 38

Closed Listings: 37
SCASD: 20
Bellefonte SD: 9
Other SD: 8
Average List Price: $346,600
Average Days on Market: 44



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1343 Penfield Road - State College

1343 Penfield Road, State College, PA

Check out this fantastic home in the State College Borough. Nestled in a pleasant neighborhood in very close proximity to PSU and amenities. Featuring hardwood floors, charming eat-in kitchen, open living dining area with a fireplace, picture windows and a door taking you to an amazing covered porch with a view of Mt. Nittany, and access to a pleasant yard! An updated Owner's Suite and nice sized second bath complement three bedrooms all with hardwood floors. The lower level has many more places to explore including a rec room, full bath, kitchenette/hobby room, fitness room, and much more. Come check out all of the details and make this your home for easy and peaceful one floor living today!

View all homes for sale in State College:

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Centre County MLS Report - September 21, 2020

5 Centre County School Districts'* Active Residential Listings as of September 21, 2020: 245

Average List Price of Active Listings: ­$367,724

Average Days on Market of Active Listings:­ 110

Residential Sales Activity September 13, 2020 - September 19, 2020

New Listings: 35
SCASD: 19
Bellefonte: 11
Other SD: 5
Average List Price: $334,705

Pended Listings: 41
SCASD: 27
Bellefonte SD: 8
Other SD: 6
Average List Price: $418,266
Average Days on Market: 59

Closed Listings: 38
SCASD: 23
Bellefonte SD: 8
Other SD: 7
Average List Price: $294,266
Average Days on Market: 51



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Centre County MLS Report - August 31, 2020

5 Centre County School Districts'* Active Residential Listings as of August 31, 2020: 269

Average List Price of Active Listings: ­$375,837

Average Days on Market of Active Listings:­ 107

Residential Sales Activity August 23, 2020 - August 29, 2020

New Listings: 37
SCASD: 30
Bellefonte: 5
Other SD: 4
Average List Price: $356,415

Pended Listings: 38
SCASD: 32
Bellefonte SD: 3
Other SD: 3
Average List Price: $398,755
Average Days on Market: 42

Closed Listings: 35
SCASD: 24
Bellefonte SD: 5
Other SD: 6
Average List Price: $290,512
Average Days on Market: 32



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Centre County MLS Report - August 24, 2020

5 Centre County School Districts'* Active Residential Listings as of August 24, 2020: 261

Average List Price of Active Listings: ­$381,441

Average Days on Market of Active Listings:­ 109

Residential Sales Activity August 16, 2020 - August 22, 2020

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New Listings:­ 39 Listings that Pended: 46 Listings that Closed:­ 31
SCASD: 28 SCASD: 25 SCASD: 19
Bellefonte School District: 5 Bellefonte School District: 7 Bellefonte School District: 5
Other School District: 6 Other School District: 14 Other School District: 7
Average List Price: ­$383,437 Average List Price: ­$322,417 Average Closed Price: ­$333,110
N/A Average Days on Market: 52 Average Days on Market: 37