16508 Home Values & Market Trends
There are 247 homes currently listed for 16508. 16508 real estate market trends show that home prices range from $38,000 to $1,850,000, and the median sales price in the 16508 zip code is $174,384. The total number of properties sold within the past twelve months is 217. In 16508, 7 properties are in foreclosure, 0 are bank owned properties,and 7 are headed for auction.
16508 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Erie | $ 213,018 $ 157/sqft |
Housing Market Summary for 16508
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $159.9K | $169.9K | 6.25% |
| Median Sold Price | $164.9K | $159.8K | -3.06% |
| Homes For Sale | 146 | 239 | 63.70% |
| Homes Sold | 89 | 47 | -47.19% |
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 16508
Browse Homes in 16508
The median list price of a home in Erie, is $174,384. A total of 247 properties are for sale, and the percentage of properties for sale in the zip code is 247.00%. The total count of 16508 properties is 304.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 16508 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 16508; 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 16508 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 16508. There is 1 cities within 16508; N/A containing 0 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 16508. Auction homes and other auction properties account for 2.30% of all properties in 16508. There is 1 cities within 16508; 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 16508
Guide for 16508
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.