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ERIE, PA 16508

Real Estate Market Report
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The ERIE, PA real estate market (16508) currently shows 49 active listings, with 22 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 28 days on market compared to 32 days last year.

The median listing price has risen 5.1% year-over-year, from $176,175 to $185,228.

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Market Context

Market Context

Population: 14,801  ·  Density: 2,038.2/mi²  ·  Median household income: $53,197

Typical home value: $116,315  ·  Homeownership: 66.2%

Market Overview

Active Listings
49
⇩ 5.8% vs 52 last year
Pending
22
45% pending ratio
Median Price
$185,228
⇧ 5.1% vs $176,175 last year
Average Price
$199,882
⇩ 24.9% vs $266,096 last year
Days on Market
28
⇩ 12.5% vs 32 days last year

Price Per Square Foot

Median $/sqft
$136
⇧ 12.4% vs $121/sqft last year
Median Home Size
1,383 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 49 this year vs 52 last year
  • Days on market: 28 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $185,228 (+5.1% YoY)
  • Average: $199,882 (-24.9% 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 21.9 miles — 211 listings ($74,179,467 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16508Erie, PA 165080.0 mi30$6,288,000$148,050$209,600
16504Erie, PA 165042.4 mi35$5,846,155$154,175$167,033
16507Erie, PA 165072.7 mi12$8,509,596$202,450$709,133
16509Erie, PA 165093.6 mi27$12,389,949$327,450$458,887
16511Erie, PA 165116.8 mi15$3,601,980$232,675$240,132
16415Fairview, PA 164158.3 mi19$7,843,447$374,950$412,813
16421Harborcreek, PA 164219.5 mi2$639,200$319,600$319,600
16423Lake City, PA 1642313.9 mi5$1,662,500$332,500$332,500
16442Wattsburg, PA 1644214.2 mi3$480,000$160,000$160,000
16412Edinboro, PA 1641215.3 mi21$8,096,697$330,600$385,557
16438Union City, PA 1643819.0 mi9$1,561,347$134,750$173,483
16403Cambridge Springs, PA 1640321.5 mi10$2,594,370$150,000$259,437
14724Clymer, NY 1472421.9 mi23$14,666,226$314,700$637,662

Frequently Asked Questions

How many homes are for sale in ERIE, PA 16508?

As of September 2026, there are 49 active listings in ERIE, PA (zip code 16508), compared to 52 the prior year.

What is the median home price in ERIE, PA 16508?

The median listing price in ERIE, PA 16508 is $185,228 as of September 2026, a 5.1% increase from $176,175 the prior year.

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

Homes in ERIE, PA 16508 spend an average of 28 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in ERIE, PA 16508?

Based on current inventory and days-on-market data as of September 2026, ERIE, PA 16508 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 28 days on market compared to 32 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 16508 save an estimated $3,705 compared to a typical 5% commission on the median listing price of $185,228. 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.