Is Erie, MI 48133 a buyer’s or seller’s market?

The Erie housing market right now

In the three months ending August 31, 2026, 33% of homes in Erie, MI 48133 sold above their list price, the typical home went under contract in 38 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 6 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 43%, homes sold more slowly (10 days then) and the median sale price rose 26% to $267,784. Overall, Erie is less competitive than a year ago, which gives buyers more room.

Within Monroe County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in 73%.

Nearby, buyers who want less competition could look at Luna Pier 48157 (0% sold over asking) or La Salle 48145 (13% sold over asking), while Ida 48140 (60% sold over asking) and Ottawa Lake 49267 (60% sold over asking) are even more competitive.