Erie, PA home prices and housing market

Erie is a tight, quick market right now, and the days on market number tells the story. Homes are going under contract in a median of about twenty-four days. That is fast, and it means well-priced listings are not sitting long. Behind that speed is limited supply. There are only about 158 homes for sale, while nearly 194 new listings came on this past month, so buyers are moving through what comes available quickly. Values are still rising too. The typical Erie home is worth about one hundred ninety-three thousand dollars, up roughly 6 percent over the past year. The median list price is right around one hundred ninety-two thousand dollars, so sellers and the market are close to agreement on price. And only about 8 percent of listings have cut their price, which is low and confirms sellers are not overreaching. If you own here and have thought about selling, this is a seller's market. Price it near where the data says, and you should see interest quickly.