Erie, PA Home Values & Market Trends
Real estate market trends reflect that there have been 1,966 transactions over the past year in Erie. The median value for residential home transactions that occurred over the previous year is $213,018. The number of current listings in Erie is 2,248, and the percentage of properties for sale in the city is 2248.00%. Erie, PA currently has 51 properties in foreclosure, 6 bank owned properties, 40 properties headed for auction, and 2,248 properties for sale.
Erie, PA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 16509 | $ 296,169 $ 180/sqft | 16503 | $ 79,950 $ 60/sqft |
| 16506 | $ 324,767 $ 193/sqft | 16507 | $ 133,269 $ 89/sqft |
| 16510 | $ 203,007 $ 158/sqft | 16501 | $ 249,900 $ 167/sqft |
| 16505 | $ 268,367 $ 179/sqft | 16565 | $ -- $ -- |
| 16504 | $ 162,825 $ 130/sqft | 16534 | $ -- $ -- |
| 16508 | $ 174,384 $ 134/sqft | 16563 | $ -- $ -- |
| 16511 | $ 213,193 $ 154/sqft | 16546 | $ -- $ -- |
| 16502 | $ 129,084 $ 91/sqft |
Housing Market Summary for Erie, PA
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $175K | $199.5K | 14.00% |
| Median Sold Price | $183.9K | $185.5K | 0.85% |
| Homes For Sale | 1,479 | 2,210 | 49.43% |
| Homes Sold | 837 | 531 | -36.56% |
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 Erie, PA
Browse Homes in Erie, PA
Erie home values range from $12,668 to $2,037,673. The median estimated value of a home in Erie is $213,018. The median list price of a home is 199,500, and the total count of properties in the city is 2,853.
- Pre-ForeclosurePre-foreclosure homes account for 0.18% of all residential properties in Erie, PA with 16504 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 15 zips within Erie, PA; of those zips, the estimated home value for pre-foreclosure homes ranges from $145,827 in 16505 to the lowest home value of $52,988 in 16503.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Erie, PA ranges from the highest value of $111,254 in 16510 to the lowest value of $75,478 in 16511. Bank owned homes and properties account for 0.21% of properties in Erie, PA. There are 15 zips within Erie, PA; 16502 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions16510 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of Erie, PA. Auction homes and other auction properties account for 1.40% of all properties in Erie, PA. There are 15 zips within Erie, PA; of those zips, the median estimated home value for homes going to auction ranges from $264,473 in 16509 to the lowest value of $41,735 in 16509.
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Guide for Erie, PA
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.
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