How much is a home in 16504 worth?

The typical home value in 16504 is $158,136, up 5.2% over the past year.

How fast are homes selling in 16504?

Homes are spending a median of 28 days on the market. There were 23 homes for sale and 20 new listings as of 2026-08-01.

Are sellers cutting prices in 16504?

About 17.1% of listings had a price cut. The median list price was $177,400.

Market Intelligence · PA / Erie

Erie, PA 16504 Housing Market

The typical home in Erie's 16504 ZIP is worth $158,136, up 5.2% over the past year. Sellers are listing at a median of $177,400, and homes are moving in a median of 28 days. That points to steady demand rather than a stalled market.

Updated August 2026Median value$158K

The median home value in Erie, PA 16504 is $158K as of August 2026, up 5.2% 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.

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Typical 16504 range

$145K to $171K

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.

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12-month value trend

+5.2% over 12 months

Aug 2025$150K

Low $150KHigh $158K

Aug 2026$158K

The numbers

What is the 16504 housing market like?

As of August 2026

Typical home value

$158K

5.2%YoY

Median list price

$177K

5.2%MoM

Days on market

6.7%MoM

Homes for sale

43.8%MoM

Price cuts

17.1%

37.8%MoM

New listings

25.0%MoM

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

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The comparison

How do 16504 home prices compare?

16504$158,136
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

Buyers in 16504 had 23 homes to choose from as of 2026-08-01, with 20 new listings adding fresh options. The median list price sat at $177,400, above the typical value of $158,136, which is up 5.2% over the past year. Homes sold in a median of 28 days, so well priced properties did not linger. About 17.1% of listings took a price cut, a sign that some sellers started too high. For a seller, the practical read is that realistic pricing still gets rewarded while overpricing gets corrected.

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