Erie - PA housing market

The typical home value ($226,767) 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 5.7% over the past year. In Erie - PA, that means a home worth $214,538 last year is now worth roughly $226,767.

The median sale price, what homes actually close for, is $203,698. Homes are selling at 99.5% of list price, meaning buyers have room to negotiate.

Homes listed in Erie - PA sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 265 new listings hit the market each month in Erie - PA. There are currently 492 homes for sale, up 1.4% from a year ago.

The typical monthly rent in Erie - PA is $1,126, up 2.9% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.8x, toss-up (#103 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $1,166 a month in principal and interest, $40 more than renting before taxes, insurance and upkeep. The two break even at a 6.33% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →