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ERIE, PA 16510

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

Market Overview

Active Listings
31
⇩ 29.5% vs 44 last year
Pending
15
48% pending ratio
Median Price
$205,000
⇧ 16.7% vs $175,650 last year
Average Price
$233,980
⇧ 0.2% vs $233,580 last year
Days on Market
54
⇩ 26% vs 73 days last year

Market Context

Population: 25,271  ·  Density: 295.9/mi²  ·  Median household income: $59,949

Typical home value: $151,309  ·  Homeownership: 78.5%

Market Analysis

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

The ERIE, PA real estate market (16510) currently shows 31 active listings, with 15 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 54 days on market compared to 73 days last year.

The median listing price has risen 16.7% year-over-year, from $175,650 to $205,000.

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: 31 this year vs 44 last year
  • Days on market: 54 now vs 73 last year

Median & Average Pricing

Year over Year
  • Median: $205,000 (+16.7% YoY)
  • Average: $233,980 (+0.2% 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 21.0 miles — 173 listings ($50,894,377 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16510Erie, PA 165100.0 mi31$7,253,380$205,000$233,980
16511Erie, PA 165114.3 mi17$4,767,106$199,900$280,418
16503Erie, PA 165035.6 mi16$1,821,968$119,000$113,873
16507Erie, PA 165077.0 mi13$8,458,723$169,900$650,671
16502Erie, PA 165027.6 mi28$3,846,304$132,450$137,368
16442Wattsburg, PA 164428.2 mi1$289,900$289,900$289,900
14736Findley Lake, NY 1473610.8 mi6$2,835,000$477,500$472,500
16441Waterford, PA 1644110.9 mi15$5,874,540$259,900$391,636
14724Clymer, NY 1472415.1 mi21$10,302,033$279,999$490,573
14775Ripley, NY 1477515.6 mi4$869,800$217,450$217,450
14781Sherman, NY 1478118.3 mi6$1,879,998$275,000$313,333
16407Corry, PA 1640720.1 mi11$1,602,293$144,900$145,663
16423Lake City, PA 1642321.0 mi4$1,093,332$325,000$273,333

Frequently Asked Questions

How many homes are for sale in ERIE, PA 16510?

As of January 2026, there are 31 active listings in ERIE, PA (zip code 16510), compared to 44 the prior year.

What is the median home price in ERIE, PA 16510?

The median listing price in ERIE, PA 16510 is $205,000 as of January 2026, a 16.7% increase from $175,650 the prior year.

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

Homes in ERIE, PA 16510 spend an average of 54 days on the market before going under contract, compared to 73 days the prior year.

Is it a seller's or buyer's market in ERIE, PA 16510?

Based on current inventory and days-on-market data as of January 2026, ERIE, PA 16510 is currently a Seller's Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 54 days on market compared to 73 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 16510 save an estimated $4,100 compared to a typical 5% commission on the median listing price of $205,000. 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.