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ERIE, PA 16502

Real Estate Market Report  ·  Erie County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
28
⇧ 55.6% vs 18 last year
Pending
10
36% pending ratio
Median Price
$132,450
⇧ 5.4% vs $125,650 last year
Average Price
$137,368
⇧ 13% vs $121,574 last year
Days on Market
61
vs 61 days last year

Market Context

Population: 15,567  ·  Density: 2,424.3/mi²  ·  Median household income: $35,508

Typical home value: $86,037  ·  Homeownership: 33.6%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The ERIE, PA real estate market (16502) currently shows 28 active listings, with 10 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

The median listing price has risen 5.4% year-over-year, from $125,650 to $132,450.

Whether you are buying or selling in ERIE, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 28 this year vs 18 last year
  • Days on market: 61 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $132,450 (+5.4% YoY)
  • Average: $137,368 (+13% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.4 miles — 190 listings ($65,891,407 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16502Erie, PA 165020.0 mi28$3,846,304$132,450$137,368
16507Erie, PA 165071.9 mi13$8,458,723$169,900$650,671
16503Erie, PA 165032.4 mi16$1,821,968$119,000$113,873
16506Erie, PA 165064.2 mi37$13,750,680$325,000$371,640
16511Erie, PA 165116.5 mi17$4,767,106$199,900$280,418
16415Fairview, PA 164158.5 mi19$6,196,660$302,450$326,140
16421Harborcreek, PA 164219.5 mi1$333,500$333,500$333,500
16423Lake City, PA 1642313.9 mi4$1,093,332$325,000$273,333
16428North East, PA 1642814.5 mi21$12,983,334$299,950$618,254
16412Edinboro, PA 1641216.1 mi22$8,085,000$247,450$367,500
14736Findley Lake, NY 1473618.3 mi6$2,835,000$477,500$472,500
16411East Springfield, PA 1641120.2 mi2$850,000$425,000$425,000
14775Ripley, NY 1477522.4 mi4$869,800$217,450$217,450

Frequently Asked Questions

How many homes are for sale in ERIE, PA 16502?

As of January 2026, there are 28 active listings in ERIE, PA (zip code 16502), compared to 18 the prior year.

What is the median home price in ERIE, PA 16502?

The median listing price in ERIE, PA 16502 is $132,450 as of January 2026, a 5.4% increase from $125,650 the prior year.

How long do homes stay on the market in ERIE, PA?

Homes in ERIE, PA 16502 spend an average of 61 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in ERIE, PA 16502?

Based on current inventory and days-on-market data as of January 2026, ERIE, PA 16502 is currently a Balanced Market. Inventory has increased compared to last year, with 10 more homes available — giving buyers more choice.

How much can I save on real estate commission in ERIE, PA?

With SELL123.com's maximum 3% commission, sellers in ERIE, PA 16502 save an estimated $2,649 compared to a typical 5% commission on the median listing price of $132,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.