Market Intelligence · PA / Erie

Erie, PA 16509 Housing Market

The typical home in Erie's 16509 ZIP code is worth $277,769, up 6.2% over the past year. The median list price sits at $289,950, and homes are moving at a median of 22 days on market.

Updated June 2026Median value$278K

The median home value in Erie, PA 16509 is $278K as of June 2026, up 6.2% 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

$256K to $300K

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

+6.2% over 12 months

Typical home value in 16509 over the last 12 months: $262K in Jun 2025 to $278K in Jun 2026 (+6.2%).

Jun 2025$262K

Jun 2026$278K

The numbers

What is the 16509 housing market like?

Typical home value

$278K

Up6.2%YoY

Median list price

$290K

Days on market

22

Up33.3%MoM

Homes for sale

27

Price cuts

12.9%

New listings

32

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

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The comparison

How do 16509 home prices compare?

  • 16509$277,769
  • 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 27 homes for sale in 16509, with 32 new listings entering the market. The typical home value of $277,769 reflects a 6.2% gain over the past year, and the median list price stands at $289,950. Homes are selling at a median of 22 days on market. About 12.9% of listings had a price cut. For sellers, the numbers point to steady demand, so pricing in line with recent activity remains the safest path.

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