Market Intelligence · PA / Erie

Erie, PA 16511 Housing Market

In Erie, PA 16511, the typical home value is $210,308, up 6.5% over the past year. The median list price is $259,900, and homes spend a median of 28 days on market. Inventory is thin, with 8 homes for sale and 16 new listings. That points to firm pricing despite limited choice.

Updated August 2026Median value$210K

The median home value in Erie, PA 16511 is $210K as of August 2026, up 6.5% 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 16511 range

$193K to $227K

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

+6.5% over 12 months

Typical home value in 16511 over the last 12 months: $197K in Aug 2025 to $210K in Aug 2026 (+6.5%).

Aug 2025$197K

Aug 2026$210K

The numbers

What is the 16511 housing market like?

Typical home value

$210K

Up6.5%YoY

Median list price

$260K

Down12.6%MoM

Days on market

28

Down28.2%MoM

Homes for sale

8

Up33.3%MoM

Price cuts

0.0%

Down100.0%MoM

New listings

16

Up166.7%MoM

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

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The comparison

How do 16511 home prices compare?

  • 16511$210,308
  • 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 16511 is a small market, so a few listings can shape the picture. There are 8 homes for sale and 16 new listings, while the median list price is $259,900. The typical home value is $210,308, up 6.5% over the past year, and the median days on market is 28. Price cuts are at 0.0%, which suggests sellers are holding to asking prices. For a seller, the read is constructive but not automatic: condition and pricing still decide how fast a clean offer arrives.

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