Market Intelligence · PA / Erie

Erie, PA 16507 Housing Market

The typical home value in Erie's 16507 ZIP code is $109,154, up 6.1% over the past year. Homes here carry a median list price of $123,750, and they take a median of 69 days on market.

Updated June 2026Median value$109K

The median home value in Erie, PA 16507 is $109K as of June 2026, up 6.1% 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 16507 range

$100K to $118K

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

+6.1% over 12 months

Typical home value in 16507 over the last 12 months: $103K in Jun 2025 to $109K in Jun 2026 (+6.1%).

Jun 2025$103K

Jun 2026$109K

The numbers

What is the 16507 housing market like?

Typical home value

$109K

Up6.1%YoY

Median list price

$124K

Days on market

69

Up228.6%MoM

Homes for sale

6

Price cuts

0.0%

New listings

6

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

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The comparison

How do 16507 home prices compare?

  • 16507$109,154
  • 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 are 6 homes for sale in 16507, matched by 6 new listings. The median list price sits at $123,750, while the typical home value is $109,154, up 6.1% over the past year. Homes take a median of 69 days on market, and 0.0% of listings have had a price cut. For a seller, values are rising and no listings are cutting prices, but expect a slower pace given the time homes are spending on the market.

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