Erie, PA metro area Housing Market
Warm MarketComprehensive housing market data for the Erie, PA metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$195K
↑ 8.3% YoY
Days on Market
23 days
↑ 35.3% YoY
Active Inventory
219
↓ 9.5% YoY
Homes Sold
159
↑ 2.6% YoY
Warm Market
The market is active with moderate buyer demand.
Erie, PA metro area Market Summary
The Erie, PA metro area housing market is heating up. As of March 2026, the median home sale price is $195K, up 8.3% year-over-year. Homes are spending a median of 23 days on the market, 35.3% longer than a year ago.
There are 219 homes for sale — 9.5% fewer than last year. With 1.4 months of supply, this is a seller's market. 174 new listings were added during this period, down 17.9% year-over-year.
Homes are selling for 98.6% of their list price on average, suggesting room for negotiation. 34.0% of homes sell above their asking price. 31.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
50
Contributing Factors
How This Market Compares
vs. National Median
vs. Pennsylvania Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 55% below the national median, which could indicate stronger cash flow potential.
Erie, PA metro area Market Trends
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Detailed Market Metrics
Median List Price
$210K
Price per Sq Ft
$129
Sale-to-List Ratio
98.6%
Months of Supply
1.4
Sold Above List
34.0%
Price Drops
31.5%
New Listings
174
↓ 17.9% YoY
Pending Sales
190
Off Market in 2 Weeks
54.2%
Other Markets in Pennsylvania
Pittsburgh, PA metro area
$250K · 72d on market
Philadelphia, PA metro area
$290K · 56d on market
Montgomery County, PA metro area
$500K · 35d on market
Allentown, PA metro area
$345K · 21d on market
Harrisburg, PA metro area
$285K · 17d on market
York, PA metro area
$290K · 20d on market
Lancaster, PA metro area
$350K · 12d on market
Scranton, PA metro area
$240K · 36d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.