Market Intelligence Report — PA-500

Erie, PA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-PA-09
As of the latest 2026 data
Very Competitive

Median Listing

$235K
+0.1% YoY

Pending Ratio

0.82
-18.0% YoY

Active Inventory

325
+7.6% YoY

Median DOM

37 Days
-10.3% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's very competitive Erie market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Erie, PA.

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The Erie, PA market is currently Very Competitive, with a pending ratio of 0.82 indicating robust demand against available inventory. Despite this, median listing prices have seen a month-over-month decline of 4.1%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.2%-1.2 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

265,832-0.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Erie market right now.

Active listings have increased by 7.6% year-over-year, accompanied by a substantial 27.3% year-over-year rise in new listings. While the pending ratio remains high at 0.82, it has experienced an 18.0% year-over-year decrease. Median days on market have compressed by 10.3% over the past year, reflecting quicker absorption.

Historical Analysis

Market Trends

Median Price

$235K-4.1% MoM

Active Inventory

325+7.6% YoY

Days on Market

37-10.3% YoY

Sold Score™

79-18.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

79
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The elevated pending ratio suggests that properties are moving quickly, exerting significant pressure on available inventory. This environment typically necessitates swift decision-making from prospective buyers and supports disciplined pricing strategies from sellers to optimize transaction pace.

Luxury Segment

The average listing price has declined by 6.1% year-over-year, while the median listing price has remained relatively flat with a 0.1% year-over-year increase. This divergence, alongside a flat median $/sqft, suggests some softening in the higher-priced segments of the market.

Supply Dynamics

325 active listings represent the current floor, with new supply arriving at roughly 252 per month.

Pricing Pressure
19.9%

of active listings carry a price reduction, +2.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.3% year-over-year.

Absorption
0.82

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Erie, PA? Homes here are taking 4 days less to sell than last year.

Demand in Erie, PA is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
82%
Median Days on Market
37 days
Inventory YoY
+8%

Demand is strong in Erie, PA. Check your Sold Score before you price — conditions this favorable don't hold forever.

See how fast my home should sell →

Prefer the data first? Get the monthly Erie, PA briefing and watch the market before you list.

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Agents: no featured expert covers Erie, PA yet — claim this market →

How these recommendations are chosen →

The Monthly Briefing

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Metro Demographics

Metro Area
Erie, PA
CBSA Code
21500
State
PA

ZIPs in Erie, PA

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Erie?+

    As of the latest 2026 data, the Erie metro is classified as Very Competitive. Pending ratio is 0.82 with median days on market at 37.

  • Are home prices dropping in Erie?+

    Median listing price is $235K, +0.1% year over year. 19.9% of active listings carry a price reduction.

  • How fast are homes selling in Erie?+

    The typical listing sits 37 days on market, a -10.3% change YoY. New listings are arriving at 252 per month.

  • What's happening in the Erie luxury market?+

    The average listing price has declined by 6.1% year-over-year, while the median listing price has remained relatively flat with a 0.1% year-over-year increase. This divergence, alongside a flat median $/sqft, suggests some softening in the higher-priced segments of the market.

  • Where can I find a trusted Erie real estate expert?+

    Primpted maintains a vetted registry of Erie agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 21500 · 36mo history