16501 Housing Market Report February 2025•Erie County, Pennsylvania

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Housing Prices in 16501, PA

How much do homes in 16501, PA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$74,900$34/SqFt
-$15,000
-16.7%

Based on all homes listed in February 2025

Insight

The list price of homes in 16501 has decreased by 16.7% since January.

Summary: The median home list price in 16501 was $74,900 in February 2025, down 16.7% from the previous month, and the median price per square foot was $34.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2--
N/A
3--
N/A
4--
N/A
5$89.9K$74.9K
-16.7%

Summary: 16501 housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -16.7%.

How does 16501, PA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

16501, PA

Housing supply in 16501, PA

How many homes are available in 16501, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
2Last MonthFeb 2025
12 months agoJan 2025
+100.0 %
Change MoMJan – Feb

Summary: The 16501 real estate market had 2 homes for sale in Feb 2025, a 100.0 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
200
0.0%
300
0.0%
400
0.0%
512
+100.0%

Summary: 16501 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Days on Market for 16501, PA

How long does it take to sell a home in 16501, PA?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
30 DaysLast MonthFeb 2025
17 Days1 month agoJan 2025
+76.5 %
Change MoMJan – Feb

Summary: Homes in 16501 had an average listing age of 30 days in Feb 2025, up by 76.5% compared to the previous month.

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Newest Listings in 16501, PA

What homes are available in 16501, PA?

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Nearby markets

Nearby markets aren't available for 16501, PA

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MLS Disclaimers and Copyright

Based on information from Erie MLS, for the period 01/01/2025 - 03/01/2025

Copyright © 2025 Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 5:16:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.