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ERIE, PA 16509

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

Market Overview

Active Listings
39
⇧ 30% vs 30 last year
Pending
24
62% pending ratio
Median Price
$319,000
⇩ 0.9% vs $322,000 last year
Average Price
$423,063
⇩ 8.5% vs $462,516 last year
Days on Market
83
⇧ 9.2% vs 76 days last year

Market Context

Population: 28,151  ·  Density: 284.5/mi²  ·  Median household income: $69,496

Typical home value: $194,016  ·  Homeownership: 69.4%

Market Analysis

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

The ERIE, PA real estate market (16509) currently shows 39 active listings, with 24 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 83 days on market compared to 76 days last year.

The median listing price has fallen 0.9% year-over-year, from $322,000 to $319,000.

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: 39 this year vs 30 last year
  • Days on market: 83 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $319,000 (-0.9% YoY)
  • Average: $423,063 (-8.5% 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 19.3 miles — 190 listings ($71,583,680 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16509Erie, PA 165090.0 mi39$16,499,457$319,000$423,063
16508Erie, PA 165083.6 mi34$6,991,318$149,950$205,627
16503Erie, PA 165034.8 mi16$1,821,968$119,000$113,873
16507Erie, PA 165075.8 mi13$8,458,723$169,900$650,671
16505Erie, PA 165056.5 mi24$15,724,272$265,000$655,178
16441Waterford, PA 164417.7 mi15$5,874,540$259,900$391,636
16421Harborcreek, PA 164219.5 mi1$333,500$333,500$333,500
16442Wattsburg, PA 1644211.2 mi1$289,900$289,900$289,900
16412Edinboro, PA 1641213.7 mi22$8,085,000$247,450$367,500
16438Union City, PA 1643815.4 mi7$1,214,381$124,500$173,483
14736Findley Lake, NY 1473616.2 mi6$2,835,000$477,500$472,500
16403Cambridge Springs, PA 1640318.5 mi11$3,030,621$219,900$275,511
16440Venango, PA 1644019.3 mi1$425,000$425,000$425,000

Frequently Asked Questions

How many homes are for sale in ERIE, PA 16509?

As of January 2026, there are 39 active listings in ERIE, PA (zip code 16509), compared to 30 the prior year.

What is the median home price in ERIE, PA 16509?

The median listing price in ERIE, PA 16509 is $319,000 as of January 2026, a 0.9% decrease from $322,000 the prior year.

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

Homes in ERIE, PA 16509 spend an average of 83 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in ERIE, PA 16509?

Based on current inventory and days-on-market data as of January 2026, ERIE, PA 16509 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 83 days on market compared to 76 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 16509 save an estimated $6,380 compared to a typical 5% commission on the median listing price of $319,000. 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.