16506 Home Values & Market Trends
There are 347 homes currently listed for 16506. 16506 real estate market trends show that home prices range from $37,000 to $1,299,900, and the median sales price in the 16506 zip code is $324,767. The total number of properties sold within the past twelve months is 261. In 16506, 4 properties are in foreclosure, 1 are bank owned properties,and 3 are headed for auction.
16506 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Erie | $ 213,018 $ 157/sqft |
Housing Market Summary for 16506
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $312.4K | $305K | -2.37% |
| Median Sold Price | $271.2K | $309.2K | 14.00% |
| Homes For Sale | 195 | 338 | 73.33% |
| Homes Sold | 99 | 56 | -43.43% |
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 16506
Browse Homes in 16506
The median list price of a home in Erie, is $324,767. A total of 347 properties are for sale, and the percentage of properties for sale in the zip code is 347.00%. The total count of 16506 properties is 408.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 16506 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 16506; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 16506 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 0.25% of properties in 16506. There is 1 cities within 16506; 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 16506. Auction homes and other auction properties account for 0.74% of all properties in 16506. There is 1 cities within 16506; 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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Guide for 16506
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.