Is Erie, PA 16508 a buyer’s or seller’s market?
Erie is a seller’s market. With about 1.8 months of supply and 47% 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 score89/ 100
More competitive than 94% of U.S. ZIP codes, and #94 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 supply1.8Under 4 months = seller’s market
Sold above original list46.8%Share of sales, last 3 months
Median sale-to-list102.3%Sold price ÷ list price
Median days on market8Listing to accepted offer
Median price per sq ft$122▼ −8.5% vs. last year
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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
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology