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ERIE, PA 16511

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

Market Overview

Active Listings
17
⇩ 10.5% vs 19 last year
Pending
8
47% pending ratio
Median Price
$199,900
⇩ 42.5% vs $347,450 last year
Average Price
$280,418
⇩ 29.5% vs $397,774 last year
Days on Market
72
⇩ 10% vs 80 days last year

Market Context

Population: 11,555  ·  Density: 603.9/mi²  ·  Median household income: $62,420

Typical home value: $157,435  ·  Homeownership: 66.1%

Market Analysis

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

The ERIE, PA real estate market (16511) currently shows 17 active listings, with 8 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 72 days on market compared to 80 days last year.

The median listing price has fallen 42.5% year-over-year, from $347,450 to $199,900.

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: 17 this year vs 19 last year
  • Days on market: 72 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $199,900 (-42.5% YoY)
  • Average: $280,418 (-29.5% 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 23.2 miles — 232 listings ($72,267,610 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16511Erie, PA 165110.0 mi17$4,767,106$199,900$280,418
16503Erie, PA 165034.2 mi16$1,821,968$119,000$113,873
16504Erie, PA 165044.7 mi42$6,423,480$153,000$152,940
16502Erie, PA 165026.6 mi28$3,846,304$132,450$137,368
16509Erie, PA 165097.8 mi39$16,499,457$319,000$423,063
16428North East, PA 164288.6 mi21$12,983,334$299,950$618,254
16442Wattsburg, PA 1644212.3 mi1$289,900$289,900$289,900
16441Waterford, PA 1644114.5 mi15$5,874,540$259,900$391,636
16415Fairview, PA 1641515.1 mi19$6,196,660$302,450$326,140
14724Clymer, NY 1472418.5 mi21$10,302,033$279,999$490,573
16423Lake City, PA 1642320.4 mi4$1,093,332$325,000$273,333
16417Girard, PA 1641721.0 mi8$1,909,496$227,500$238,687
16410Cranesville, PA 1641023.2 mi1$260,000$260,000$260,000

Frequently Asked Questions

How many homes are for sale in ERIE, PA 16511?

As of January 2026, there are 17 active listings in ERIE, PA (zip code 16511), compared to 19 the prior year.

What is the median home price in ERIE, PA 16511?

The median listing price in ERIE, PA 16511 is $199,900 as of January 2026, a 42.5% decrease from $347,450 the prior year.

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

Homes in ERIE, PA 16511 spend an average of 72 days on the market before going under contract, compared to 80 days the prior year.

Is it a seller's or buyer's market in ERIE, PA 16511?

Based on current inventory and days-on-market data as of January 2026, ERIE, PA 16511 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 72 days on market compared to 80 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 16511 save an estimated $3,998 compared to a typical 5% commission on the median listing price of $199,900. 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.