Market Intelligence · PA / Erie

Erie, PA 16507 Housing Market

The typical home value in Erie, PA 16507 is $103,745, up 5.9% over the past year as of 2026-08-01. The median list price is $179,900, and homes are spending a median of 27 days on market.

Updated August 2026Median value$104K

The median home value in Erie, PA 16507 is $104K as of August 2026, up 5.9% 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

$95K to $112K

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

+5.9% over 12 months

Typical home value in 16507 over the last 12 months: $98K in Aug 2025 to $104K in Aug 2026 (+5.9%).

Aug 2025$98K

Aug 2026$104K

The numbers

What is the 16507 housing market like?

Typical home value

$104K

Up5.9%YoY

Median list price

$180K

Up15.5%MoM

Days on market

27

Up3.8%MoM

Homes for sale

10

Up100.0%MoM

Price cuts

0.0%

New listings

4

Flat0.0%MoM

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

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The comparison

How do 16507 home prices compare?

  • 16507$103,745
  • 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, PA 16507 is a small market right now, with 10 homes for sale and 4 new listings as of 2026-08-01. The typical home value is $103,745, up 5.9% over the past year, while the median list price sits at $179,900. Homes are moving at a median of 27 days on market, and 0.0% of listings have taken a price cut. That combination points to sellers holding firm on price and buyers still transacting. For a homeowner considering a sale, the data suggests values are rising and asking prices are not being discounted, though thin inventory means individual results will depend heavily on the specific property.

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