Market Intelligence · PA / Erie

Erie, PA 16510 Housing Market

The typical home value in Erie, PA 16510 is $207,479, up 5.2% over the past year. The median list price stands at $206,200, with homes taking a median 36 days on market as of September 2026.

Updated September 2026Median value$207K

The median home value in Erie, PA 16510 is $207K as of September 2026, up 5.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 16510 range

$191K to $224K

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

+5.2% over 12 months

Typical home value in 16510 over the last 12 months: $197K in Sep 2025 to $207K in Sep 2026 (+5.2%).

Sep 2025$197K

Sep 2026$207K

The numbers

What is the 16510 housing market like?

Typical home value

$207K

Up5.2%YoY

Median list price

$206K

Down5.8%MoM

Days on market

36

Up28.6%MoM

Homes for sale

31

Up14.8%MoM

Price cuts

27.6%

Up76.0%MoM

New listings

24

Flat0.0%MoM

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

The outlook

16510 housing market forecast 2027

+3.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 16510 to rise 3.3% by September 2027.

Over the 12 months through September 2026, typical home values in 16510 rose 5.2%, per the Zillow Home Value Index.

Will home prices drop in 16510?

Zillow's forecast does not call for a drop: it expects typical home values in 16510 to rise 3.3% by September 2027, after a 5.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 16510 home prices compare?

  • 16510$207,479
  • Erie$187,114
  • Pennsylvania$236,800
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Erie: 10 ZIPs; Pennsylvania: 1,362 ZIPs; United States: 26,262 ZIPs).

Context

Erie 16510 shows modest inventory with 31 homes for sale and 24 new listings in September 2026. The median list price of $206,200 aligns closely with the typical home value of $207,479, suggesting realistic pricing overall. However, 27.6% of listings carry price cuts, indicating that some sellers are adjusting expectations. Homes are staying on market for 36 days on average, which is moderate for the area. If you are considering selling, the price appreciation is solid, but the presence of price cuts suggests you should price carefully and be prepared to negotiate.

Monthly payment

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20% · $41,496

Common questions

What people ask us.

What is the typical home value in Erie 16510?

The typical home value is $207,479, representing a 5.2% increase over the past year as of September 2026.

How long do homes typically stay on market in this ZIP?

Homes in Erie 16510 take a median 36 days on market, as of September 2026.

What share of homes are seeing price reductions?

As of September 2026, 27.6% of listings in the area have price cuts.

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