Market Intelligence · PA / Erie

Erie, PA 16504 Housing Market

The typical home value in Erie, PA 16504 is $154,085, up 4.4% over the past year. Homes are listed at a median price of $172,975 and spend a median of 40 days on market.

Updated September 2026Median value$154K

The median home value in Erie, PA 16504 is $154K as of September 2026, up 4.4% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 16504 range

$142K to $166K

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

+4.4% over 12 months

Sep 2025$148K

Low $148KHigh $154K

Sep 2026$154K

The numbers

What is the 16504 housing market like?

As of September 2026

Typical home value

$154K

4.4%YoY

Median list price

$173K

2.5%MoM

Days on market

42.9%MoM

Homes for sale

4.3%MoM

Price cuts

22.5%

31.3%MoM

New listings

30.0%MoM

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

The outlook

16504 housing market forecast 2027

+3.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 16504 to rise 3.1% by September 2027.

Over the 12 months through September 2026, typical home values in 16504 rose 4.4%, per the Zillow Home Value Index.

Will home prices drop in 16504?

Zillow's forecast does not call for a drop: it expects typical home values in 16504 to rise 3.1% by September 2027, after a 4.4% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 16504 home prices compare?

16504$154,085
Erie$187,114
Pennsylvania$236,800
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Erie: 10 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 24 homes for sale in the 16504 ZIP code, with 14 new listings on the market. The median list price sits at $172,975, while homes typically sell around $154,085. Homes are moving at a median pace of 40 days on market. About 22.5% of listings have received a price cut, suggesting some sellers are adjusting expectations as the market conditions settle.

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Down payment20% · $30,817

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Common questions

What people ask us.

What is the typical home value in 16504?

The typical home value in Erie, PA 16504 is $154,085, which represents a 4.4% increase over the past year.

How long do homes stay on the market in 16504?

Homes in this ZIP code spend a median of 40 days on market as of September 2026.

How many homes are currently for sale in 16504?

There are 24 homes for sale in the 16504 ZIP code, with 14 new listings as of September 2026.

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