Is Erie, PA 16501 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Erie is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Erie housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Erie County, PA

Population	2,022
Median income	$16,394
Average income	$27,418
Median rent	$521/month
Owner-occupied	2% of homes
Median year built	1966
Walkability	17.1 of 20Most walkable

Natural hazard riskWinter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 16501; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA); walkability from the EPA National Walkability Index.

Run the numbers for 16501

Prefilled for 16501Can I win this house?Multiple-offer likelihood for a listing Prefilled for 16501Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Albion 16401Seller’s market $123 /sq ft Corry 16407Seller’s market $97 /sq ft Cranesville 16410Seller’s market $160 /sq ft East Springfield 16411Seller’s market $96 /sq ft Browse all markets →

Where Erie is

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Questions about Erie real estate

What are property taxes in Erie?

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

Local agents

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More tools for 16501

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Erie County property taxes Erie County loan limits Closing costs in Pennsylvania Hottest ZIP codes in Pennsylvania

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