Is East Springfield, PA 16411 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

East Springfield is a seller’s market. With about 0.8 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply0.8Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list94.6%Sold price ÷ list price
Median days on market59Listing to accepted offer
Median price per sq ft$96▼ −57.8% vs. last year

The East Springfield housing market right now

In the three months ending August 31, 2026, 25% of homes in East Springfield, PA 16411 sold above their list price, the typical home went under contract in 59 days and there were 0.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (25% then), homes sold more slowly (48 days then) and the median sale price fell 68% to $73,468. Overall, East Springfield is less competitive than a year ago, which gives buyers more room.

Within Erie County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 79%.

Nearby, buyers who want less competition could look at Albion 16401 (17% sold over asking) or Erie 16503 (18% sold over asking), while West Springfield 16443 (100% sold over asking) and Harborcreek 16421 (60% sold over asking) are even more competitive.

Nearby markets

Albion 16401Seller’s market $123 /sq ftCorry 16407Seller’s market $97 /sq ftCranesville 16410Seller’s market $160 /sq ftEdinboro 16412Seller’s market $186 /sq ft Browse all markets →

Where East Springfield is

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Questions about East Springfield real estate

Is East Springfield a buyer’s or seller’s market?

A seller’s market: there were 0.8 months of supply in East Springfield, PA 16411 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in East Springfield?

The typical home went under contract in 59 days in the latest three months.

Do homes in East Springfield sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 94.6% of the list price.

What are property taxes in East Springfield?

About 1.60% of a home’s value a year in Erie County, or roughly $6,400 on a $400,000 home.

What is the median home price in East Springfield?

The median sale price was $73,468 in the three months ending August 31, 2026, about $96 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology