Market Intelligence · PA / Erie

Erie, PA 16506 Housing Market

The typical home value in Erie's 16506 ZIP code is $299,053, up 5.3% over the past year. The median list price sits at $391,950, and homes are spending a median of 21 days on market as of June 1, 2026.

Updated June 2026Median value$299K

The median home value in Erie, PA 16506 is $299K as of June 2026, up 5.3% 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 16506 range

$275K to $323K

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

+5.3% over 12 months

Typical home value in 16506 over the last 12 months: $284K in Jun 2025 to $299K in Jun 2026 (+5.3%).

Jun 2025$284K

Jun 2026$299K

The numbers

What is the 16506 housing market like?

Typical home value

$299K

Up5.3%YoY

Median list price

$392K

Days on market

21

Up133.3%MoM

Homes for sale

21

Price cuts

17.1%

New listings

38

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 16506 home prices compare?

  • 16506$299,053
  • Erie$193,526
  • Pennsylvania$242,059
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Erie: 10 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 21 homes for sale in 16506, with 38 new listings entering the market. The median list price was $391,950, while the typical home value stood at $299,053, reflecting a 5.3% gain over the past year. Homes moved at a median of 21 days on market, and 17.1% of listings had a price cut. For sellers, the data points to steady demand, though the price-cut share is a reminder to price carefully from the start.

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