Millcreek Township Housing Market Report May 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 May 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.
$266,000$160/SqFt
+$30,625
+13.0%

Based on all homes sold in the last 12 months

Insight

Homes in Millcreek Township have sold for 13% more than they did a year ago.

Summary: The median home sold price in Millcreek Township was $266,000 in May 2025, up 13% from last year, and the median price per square foot was $160.

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
Millcreek Township
+13.0%
Harborcreek Township
+11.2%
Erie
+6.3%
Summit Township
0.0%

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.
BedsMay 2024May 2025Change YoY
1$240K$131.5K
-45.2%
2$161K$179K
+11.2%
3$220K$244K
+10.9%
4$317K$324.9K
+2.5%
5$340K$344.9K
+1.4%

Summary: Millcreek Township housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -45.2%. The home price for 2 bedroom homes increased by +11.2%. The home price for 3 bedroom homes increased by +10.9%. The home price for 4 bedroom homes increased by +2.5%. The home price for 5 bedroom homes increased by +1.4%.

How does Millcreek Township, PA compare with other places?

Market comparison tool

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

Millcreek Township, PA

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
136Last MonthMay 2025
1242 months agoApr 2025
+9.7 %
Change MoMApr – May

Summary: The Millcreek Township real estate market had 136 homes for sale in May 2025, a 9.7 % increase compared to Apr 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
34Last MonthMay 2025
362 months agoApr 2025
-5.6 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
120
-100.0%
21919
0.0%
35356
+5.7%
44050
+25.0%
51011
+10.0%

Summary: Millcreek Township housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +5.7%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes increased by +10.0%.

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 Price14 Homes

At Asking Price4 Homes

Under Asking Price16 Homes

Insight

If you're buying a home in Millcreek Township, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Millcreek Township in May 2025, down by 5.6% month-over-month. Of the 34 sold homes, 47% were sold under asking, 12% were sold at asking, and and 41% 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 Days25 Homes

30 – 90 Days6 Homes

Over 90 Days2 Homes

Insight

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

Summary: During May 2025, 34 homes were sold in Millcreek Township; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% 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
26 DaysThis YearMay 2025
31 Days1 year agoMay 2024
-15.7 %
Change YoYMay 2024 – May 2025

Summary: Homes in Millcreek Township had an average listing age of 26 days in May 2025, down by 15.7% 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 06/01/2023 - 06/01/2025

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: 6/13/2025, 6:45:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.