Market Intelligence · PA / Erie

Erie, PA 16508 Housing Market

The typical home value in Erie's 16508 ZIP code is $174,294, up 6.0% over the past year. The median list price sits at $189,900, and homes are taking a median of 27 days on market.

Updated June 2026Median value$174K

The median home value in Erie, PA 16508 is $174K as of June 2026, up 6.0% 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 16508 range

$160K to $188K

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

+6.0% over 12 months

Typical home value in 16508 over the last 12 months: $164K in Jun 2025 to $174K in Jun 2026 (+6.0%).

Jun 2025$164K

Jun 2026$174K

The numbers

What is the 16508 housing market like?

Typical home value

$174K

Up6.0%YoY

Median list price

$190K

Days on market

27

Down1.8%MoM

Homes for sale

17

Price cuts

5.4%

New listings

20

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

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The comparison

How do 16508 home prices compare?

  • 16508$174,294
  • 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 17 homes for sale in 16508, with 20 new listings coming onto the market. The median list price is $189,900, while the typical home value is $174,294, up 6.0% over the past year. Homes here move at a median of 27 days on market. Only 5.4% of listings have had a price cut. For a seller, the numbers point to steady demand, so pricing in line with recent sales is a reasonable approach.

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