Is Waterford, PA 16441 a buyer’s or seller’s market?

The Waterford housing market right now

In the three months ending August 31, 2026, 41% of homes in Waterford, PA 16441 sold above their list price, the typical home went under contract in 13 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 53%, homes sold more slowly (7 days then) and the median sale price fell 14% to $232,399. Overall, Waterford is less competitive than a year ago, which gives buyers more room.

Within Erie County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Waterford ranks #318 of 601 PA ZIP codes with enough sales (score 68 out of 100).

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.