Is Erie, PA 16544 a buyer’s or seller’s market?
Erie is a seller’s market. With about 1.9 months of supply and 60% 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 supply1.9Under 4 months = seller’s market
Sold above original list60%Share of sales, last 3 months
Median sale-to-list103.8%Sold price ÷ list price
Median days on market5Listing to accepted offer
Median price per sq ft$50▲ +27.2% vs. last year
Run the numbers for 16544
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology