Erie - PA housing market
The Erie metro has a typical home value of $224,109, up 5.9% from a year ago. Homes are moving fast at 6 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($224,109) is the Zillow Home Value Index for the Erie - PA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 5.9% over the past year. In Erie - PA, that means a home worth $211,623 last year is now worth roughly $224,109.
The median sale price , what homes actually close for , is $196,795. Homes are selling at 97.6% of list price, meaning buyers have room to negotiate.
Homes listed in Erie - PA sit on the market for roughly 6 days before going pending. Shorter = seller's market; longer = buyer's market.
About 17.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 193 new listings hit the market each month in Erie - PA. There are currently 384 homes for sale, up 1.9% from a year ago.
The typical monthly rent in Erie - PA is $1,138, up 3.9% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in PA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Philadelphia - PA | $390,463 | +2.5% | 9.0d |
| Pittsburgh - PA | $231,356 | +0.8% | 9.0d |
| Allentown - PA | $363,989 | +3.0% | 8.0d |
| Harrisburg - PA | $312,126 | +3.5% | 7.0d |
| Scranton - PA | $227,793 | +1.0% | 14.0d |
| Lancaster - PA | $388,207 | +4.6% | 5.0d |