Millcreek Township Housing Market Report January 2025•Erie County, Pennsylvania

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Housing Prices in Millcreek Township, PA

How much do homes in Millcreek Township, PA cost?

Housing Market Conditions

Is Millcreek Township, 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

Millcreek Township is a Seller's Market

Difference Since January 2024

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

Insight

Millcreek Township 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.
$259,712$155/SqFt
+$20,279
+8.5%

Based on all homes sold in the last 12 months

Insight

Homes in Millcreek Township have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Millcreek Township was $259,712 in January 2025, up 8.5% from last year, and the median price per square foot was $155.

Median Sold Price By City

Median Sold Price By City
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
Millcreek Township
+8.5%
Harborcreek Township
+6.7%
Erie
+6.5%
Summit Township
-21.9%

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.
BedsJan 2024Jan 2025Change YoY
1$120K$205K
+70.8%
2$151K$162K
+7.3%
3$220.6K$229.9K
+4.2%
4$325.5K$327K
0.5%
5$368.5K$340K
-7.7%

Summary: Millcreek Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +70.8%. The home price for 2 bedroom homes increased by +7.3%. The home price for 3 bedroom homes increased by +4.2%. The home price for 4 bedroom homes increased by 0.5%. The home price for 5 bedroom homes decreased by -7.7%.

Housing supply in Millcreek Township, PA

How many homes are available in Millcreek Township, 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
72Last MonthJan 2025
972 months agoDec 2024
-25.8 %
Change MoMDec – Jan

Summary: The Millcreek Township real estate market had 72 homes for sale in Jan 2025, a 25.8 % decrease compared to Dec 2024.

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
19Last MonthJan 2025
402 months agoDec 2024
-52.5 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
103
+100.0%
22016
-20.0%
34026
-35.0%
43324
-27.3%
543
-25.0%

Summary: Millcreek Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes decreased by -35.0%. The inventory for 4 bedroom homes decreased by -27.3%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Millcreek Township, 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 Price9 Homes

At Asking Price2 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in Millcreek Township, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Millcreek Township in January 2025, down by 52.5% month-over-month. Of the 19 sold homes, 42% were sold under asking, 11% were sold at asking, and and 47% were sold over asking.

Days on Market for Millcreek Township, PA

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

Breakdown of Home Sale Times

Under 30 Days13 Homes

30 – 90 Days3 Homes

Over 90 Days0 Home

Insight

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

Summary: During January 2025, 19 homes were sold in Millcreek Township; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% 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
20 DaysThis YearJan 2025
83 Days1 year agoJan 2024
-75.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Millcreek Township had an average listing age of 20 days in Jan 2025, down by 75.9% compared to the previous year.

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Newest Listings in Millcreek Township, PA

What homes are available in Millcreek Township, PA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Erie MLS, for the period 02/01/2023 - 02/01/2025

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: 2/2/2025, 5:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.