Is Erie, PA 16504 a buyer’s or seller’s market?
Erie is a seller’s market. With about 1.5 months of supply and 57% 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.
Competition score94/ 100
More competitive than 98% of U.S. ZIP codes, and #31 of 601 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply1.5Under 4 months = seller’s market
Sold above original list57.1%Share of sales, last 3 months
Median sale-to-list103.4%Sold price ÷ list price
Median days on market6Listing to accepted offer
Median price per sq ft$125▲ +9.4% vs. last year
Run the numbers for 16504
Nearby markets
Albion 16401Seller’s market $123 /sq ftCorry 16407Seller’s market $97 /sq ftCranesville 16410Seller’s market $160 /sq ftEast Springfield 16411Seller’s market $96 /sq ft Browse all markets →Local agents
See all agents in 16504 →No sponsored agents in 16504 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 16504
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology