Home ValuePros

Market Intelligence · PA / Erie

Erie, PA 16503 Housing Market

The typical home value in Erie, PA 16503 is $69,154, up 2.2% over the past year. Sellers are listing at a median price of $112,500, and homes sit for a median of 66 days on market.

Updated August 2026Median value$69K

The median home value in Erie, PA 16503 is $69K as of August 2026, up 2.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

Get a cash offer

Sell without the wait

Sell your Erie home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 16503 range

$64K to $75K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 16503 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Erie, PA.

12-month value trend

+2.2% over 12 months

Typical home value in 16503 over the last 12 months: $68K in Aug 2025 to $69K in Aug 2026 (+2.2%).

Aug 2025$68K

Aug 2026$69K

The numbers

What is the 16503 housing market like?

Typical home value

$69K

Up2.2%YoY

Median list price

$113K

Down3.8%MoM

Days on market

66

Up40.4%MoM

Homes for sale

11

Down21.4%MoM

Price cuts

17.4%

Down14.0%MoM

New listings

4

Down50.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

Free home value report

See what your 16503 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 16503 home prices compare?

  • 16503$69,154
  • Erie$191,589
  • Pennsylvania$239,873
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Erie: 10 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,265 ZIPs).

Context

Erie's 16503 ZIP is an affordable market where typical home values sit at $69,154 and have climbed 2.2% over the past year. Inventory is thin, with just 11 homes for sale and 4 new listings as of 2026-08-01. The median list price of $112,500 runs well above the typical value, which suggests sellers are aiming high or that higher-end homes make up much of what is available. Homes take a median of 66 days to move, and 17.4% of listings have taken a price cut. For a seller, the honest read is that values are inching up but buyers have leverage on price, so pricing realistically from the start matters.

Monthly payment

Estimate your monthly payment.

20% · $13,831

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.