Bolivar, PA 15923 housing market

What this means

• Prices. Home values are down 10.3% over the past year (U.S.: +1.2%), 15% below their 2022-23 peak.
• Supply. Listings are 22% below the 2017-19 norm and rising (+250% vs. a year ago), still somewhat tight.
• Negotiating. Buyer leverage is moderate (41/100; U.S.: 54): homes typically sell at or above asking (106.7% of list); 0% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 17% of the median household income (U.S.: 35%); it takes about $32k a year to keep the payment at 30% of gross pay. That includes about $1,072 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $140 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. No clear direction: likely −8% to +8% over the next 12 months (56% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.5% to +7.8% (80% range; middle estimate +0.8%), chance of a rise 56%, of a 5%+ drop 19%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

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