Erie Housing Market Report April 2025•Erie County, Pennsylvania

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Housing Prices in Erie, PA

How much do homes in Erie, PA cost?

Housing Market Conditions

Is Erie, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Erie is a Seller's Market

Difference Since April 2024

Since last year, Erie has remained a Seller's Market.

Insight

Erie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$175,366$130/SqFt
+$12,469
+7.7%

Based on all homes sold in the last 12 months

Insight

Homes in Erie have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Erie was $175,366 in April 2025, up 7.7% from last year, and the median price per square foot was $130.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Wesleyville
+16.4%
Millcreek Township
+12.6%
Harborcreek Township
+10.6%
Erie
+7.7%
Lawrence Park Township
+1.3%

Median Sold Price By Bedrooms

Median Sold 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.
BedsApr 2024Apr 2025Change YoY
1$79.7K$123.5K
+54.9%
2$135K$145.7K
+8.0%
3$166.3K$170K
+2.2%
4$175K$225.1K
+28.6%
5$162K$141.2K
-12.8%

Summary: Erie housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes increased by +54.9%. The home price for 2 bedroom homes increased by +8.0%. The home price for 3 bedroom homes increased by +2.2%. The home price for 4 bedroom homes increased by +28.6%. The home price for 5 bedroom homes decreased by -12.8%.

How does Erie, PA compare with other places?

Market comparison tool

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

Erie, PA

Housing supply in Erie, PA

How many homes are available in Erie, 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
445Last MonthApr 2025
4222 months agoMar 2025
+5.5 %
Change MoMMar – Apr

Summary: The Erie real estate market had 445 homes for sale in Apr 2025, a 5.5 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
122Last MonthApr 2025
1092 months agoMar 2025
+11.9 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
142
-50.0%
26466
+3.1%
3190205
+7.9%
4117130
+11.1%
54742
-10.6%

Summary: Erie housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes increased by +3.1%. The inventory for 3 bedroom homes increased by +7.9%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes decreased by -10.6%.

Asking Price vs. Sold Price

How much do homes in Erie, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price47 Homes

At Asking Price27 Homes

Under Asking Price48 Homes

Insight

If you're buying a home in Erie, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.

Summary: A total of 122 homes were sold or pending in Erie in April 2025, up by 11.9% month-over-month. Of the 122 sold homes, 39% were sold under asking, 22% were sold at asking, and and 39% were sold over asking.

Days on Market for Erie, PA

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

Breakdown of Home Sale Times

Under 30 Days84 Homes

30 – 90 Days23 Homes

Over 90 Days11 Homes

Insight

Many homes in Erie are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 122 homes were sold in Erie; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
33 DaysThis YearApr 2025
40 Days1 year agoApr 2024
-18.4 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Erie had an average listing age of 33 days in Apr 2025, down by 18.4% compared to the previous year.

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Newest Listings in Erie, PA

What homes are available in Erie, PA?

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Nearby markets

Nearby markets aren't available for Erie, PA

Popular Cities with Homes for Sale in Pennsylvania

MLS Disclaimers and Copyright

Based on information from Erie MLS, for the period 05/01/2023 - 05/01/2025

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: 5/16/2025, 6:15:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.