16505 Home Values & Market Trends
There are 263 homes currently listed for 16505. 16505 real estate market trends show that home prices range from $10,000 to $1,200,000, and the median sales price in the 16505 zip code is $268,367. The total number of properties sold within the past twelve months is 220. In 16505, 6 properties are in foreclosure, 1 are bank owned properties,and 4 are headed for auction.
16505 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Erie | $ 213,018 $ 157/sqft |
Housing Market Summary for 16505
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $249.9K | $249.9K | - |
| Median Sold Price | $233.7K | $250.5K | 7.20% |
| Homes For Sale | 169 | 255 | 50.89% |
| Homes Sold | 87 | 83 | -4.60% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 16505
Browse Homes in 16505
The median list price of a home in Erie, is $268,367. A total of 263 properties are for sale, and the percentage of properties for sale in the zip code is 263.00%. The total count of 16505 properties is 354.
- Pre-ForeclosurePre-foreclosure homes account for 0.28% of all residential properties in 16505 with erie containing 5 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 16505; of that cities, the estimated home value for pre-foreclosure homes ranges from $195,484 in erie to the lowest home value of $52,988 in erie.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 16505 ranges from the highest value of $170,644 in erie to the lowest value of $75,478 in erie. Bank owned homes and properties account for 0.28% of properties in 16505. There is 1 cities within 16505; erie containing 6 REO properties, has the highest number of bank owned properties in a single city.
- Auctionserie has 40 auction properties, the highest number of properties going to auction in a single city in the state of 16505. Auction homes and other auction properties account for 1.13% of all properties in 16505. There is 1 cities within 16505; of that cities, the median estimated home value for homes going to auction ranges from $490,884 in erie to the lowest value of $41,735 in erie.
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More Real Estate Resources for 16505
Guide for 16505
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.