Market Intelligence · PA / Erie

Erie, PA 16509 Housing Market

The typical home value in Erie, PA 16509 is $275,095, up 5.9% over the past year. The median list price is $304,950, and homes are spending a median of 32 days on the market. These figures are as of 2026-08-01.

Updated August 2026Median value$275K

The median home value in Erie, PA 16509 is $275K 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 16509 range

$253K to $297K

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 16509 over the last 12 months: $260K in Aug 2025 to $275K in Aug 2026 (+5.9%).

Aug 2025$260K

Aug 2026$275K

The numbers

What is the 16509 housing market like?

Typical home value

$275K

Up5.9%YoY

Median list price

$305K

Down1.6%MoM

Days on market

32

Up3.2%MoM

Homes for sale

34

Up21.4%MoM

Price cuts

13.3%

Down1.1%MoM

New listings

32

Down5.9%MoM

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

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The comparison

How do 16509 home prices compare?

  • 16509$275,095
  • 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

Home values in 16509 have been climbing, with the typical home value at $275,095, up 5.9% over the past year. Sellers are asking more, with a median list price of $304,950. Inventory is limited at 34 homes for sale, though 32 new listings came to market as of 2026-08-01. Homes are moving in a median of 32 days, and 13.3% of listings have taken a price cut. For a seller, the data points to a market that rewards realistic pricing over reaching for a number buyers will not pay.

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