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ERIE, PA 16510

Real Estate Market Report  ·  Erie County
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The ERIE, PA real estate market (16510) currently shows 27 active listings, with 16 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 47 days on market compared to 81 days last year.

The median listing price has risen 39.4% year-over-year, from $178,650 to $249,000.

Whether you are buying or selling in ERIE, PA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 25,271  ·  Density: 295.9/mi²  ·  Median household income: $59,949

Typical home value: $151,309  ·  Homeownership: 78.5%

Market Overview

Active Listings
27
⇩ 44.9% vs 49 last year
Pending
16
59% pending ratio
Median Price
$249,000
⇧ 39.4% vs $178,650 last year
Average Price
$279,640
⇧ 22.7% vs $227,898 last year
Days on Market
47
⇩ 42% vs 81 days last year

Price Per Square Foot

Median $/sqft
$175
⇧ 23.2% vs $142/sqft last year
Median Home Size
1,300 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 49 last year
  • Days on market: 47 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $249,000 (+39.4% YoY)
  • Average: $279,640 (+22.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.0 miles — 173 listings ($50,894,377 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
16510Erie, PA 165100.0 mi31$7,253,380$205,000$233,980
16511Erie, PA 165114.3 mi17$4,767,106$199,900$280,418
16503Erie, PA 165035.6 mi16$1,821,968$119,000$113,873
16507Erie, PA 165077.0 mi13$8,458,723$169,900$650,671
16502Erie, PA 165027.6 mi28$3,846,304$132,450$137,368
16442Wattsburg, PA 164428.2 mi1$289,900$289,900$289,900
14736Findley Lake, NY 1473610.8 mi6$2,835,000$477,500$472,500
16441Waterford, PA 1644110.9 mi15$5,874,540$259,900$391,636
14724Clymer, NY 1472415.1 mi21$10,302,033$279,999$490,573
14775Ripley, NY 1477515.6 mi4$869,800$217,450$217,450
14781Sherman, NY 1478118.3 mi6$1,879,998$275,000$313,333
16407Corry, PA 1640720.1 mi11$1,602,293$144,900$145,663
16423Lake City, PA 1642321.0 mi4$1,093,332$325,000$273,333

Frequently Asked Questions

How many homes are for sale in ERIE, PA 16510?

As of February 2026, there are 27 active listings in ERIE, PA (zip code 16510), compared to 49 the prior year.

What is the median home price in ERIE, PA 16510?

The median listing price in ERIE, PA 16510 is $249,000 as of February 2026, a 39.4% increase from $178,650 the prior year.

How long do homes stay on the market in ERIE, PA?

Homes in ERIE, PA 16510 spend an average of 47 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in ERIE, PA 16510?

Based on current inventory and days-on-market data as of February 2026, ERIE, PA 16510 is currently a Seller's Market. Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 47 days on market compared to 81 days last year.

How much can I save on real estate commission in ERIE, PA?

With SELL123.com's maximum 3% commission, sellers in ERIE, PA 16510 save an estimated $4,980 compared to a typical 5% commission on the median listing price of $249,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.