Call or Text (240) SELL-123
Eastside Eagles

ERIE, PA 16503

Real Estate Market Report  ·  Erie County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The ERIE, PA real estate market (16503) currently shows 19 active listings, with 11 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 63 days on market compared to 24 days last year.

The median listing price has risen 26.1% year-over-year, from $95,000 to $119,750.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for ERIE, PA 16503 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 16,065  ·  Density: 2,547.1/mi²  ·  Median household income: $29,240

Typical home value: $55,652  ·  Homeownership: 39.5%

Market Overview

Active Listings
19
⇧ 11.8% vs 17 last year
Pending
11
58% pending ratio
Median Price
$119,750
⇧ 26.1% vs $95,000 last year
Average Price
$120,148
⇧ 4.9% vs $114,582 last year
Days on Market
63
⇧ 162.5% vs 24 days last year

Price Per Square Foot

Median $/sqft
$78
⇧ 13% vs $69/sqft last year
Median Home Size
1,508 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 19 this year vs 17 last year
  • Days on market: 63 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $119,750 (+26.1% YoY)
  • Average: $120,148 (+4.9% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.3 miles — 207 listings ($72,625,802 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16503Erie, PA 165030.0 mi20$2,373,040$119,250$118,652
16507Erie, PA 165071.5 mi12$8,509,596$202,450$709,133
16508Erie, PA 165082.6 mi30$6,288,000$148,050$209,600
16505Erie, PA 165054.3 mi27$11,310,705$249,425$418,915
16510Erie, PA 165105.6 mi27$7,550,280$249,000$279,640
16421Harborcreek, PA 164217.1 mi2$639,200$319,600$319,600
16415Fairview, PA 1641510.9 mi19$7,843,447$374,950$412,813
16441Waterford, PA 1644112.5 mi12$4,374,156$247,500$364,513
14736Findley Lake, NY 1473616.1 mi5$2,362,500$477,500$472,500
16417Girard, PA 1641716.7 mi11$2,552,935$223,675$232,085
16438Union City, PA 1643819.7 mi9$1,561,347$134,750$173,483
14724Clymer, NY 1472420.7 mi23$14,666,226$314,700$637,662
16403Cambridge Springs, PA 1640323.3 mi10$2,594,370$150,000$259,437

Frequently Asked Questions

How many homes are for sale in ERIE, PA 16503?

As of March 2026, there are 19 active listings in ERIE, PA (zip code 16503), compared to 17 the prior year.

What is the median home price in ERIE, PA 16503?

The median listing price in ERIE, PA 16503 is $119,750 as of March 2026, a 26.1% increase from $95,000 the prior year.

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

Homes in ERIE, PA 16503 spend an average of 63 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in ERIE, PA 16503?

Based on current inventory and days-on-market data as of March 2026, ERIE, PA 16503 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 24 days last year.

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

With SELL123.com's maximum 3% commission, sellers in ERIE, PA 16503 save an estimated $2,395 compared to a typical 5% commission on the median listing price of $119,750. 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.