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Erie, PA 16506 Real Estate & Property Data

Erie, PA 16506 Real Estate Market Trends

Last Updated: September 06, 2025

A total of 295 residential properties have been sold over the past 12 months in 16506. With a median sales price of $302,500 in 16506. Discover market trends and get the granular level real estate data for Erie, PA 16506 to keep your pulse on the housing market. Curate compelling home reports for Erie, PA 16506 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Erie, PA 16506 Real Estate Market Trends

Get property data for any address in Erie, PA 16506 or the country:

Total Residential Properties 8,037

Total Commercial Properties 638

Avg. Home Age (Single Family Home) 52 Years

Avg. Square Feet (Single Family Home) 1,864

Total 2025 Residential Sales (year-to-date) 107

% of Homes Seriously Underwater (Q3 2025) 0.56%

Total 2024 Residential Sales 260

% of Equity Rich Homes (Q3 2025) 53.04%

Effective 2024 Property Tax 1.36%

Total Foreclosure Filings (year-to-date) 1

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Erie, PA 16506 Real Estate Overview

There were 295 residential properties sold in the past year in Erie, PA 16506. The median home value in Erie, PA 16506 is $292,365. There are a total of 8,037 residential properties in the 16506.

Median Sales Price i

$302,500

(Jun 2025)

+5.8%

year-over-year

y-o-y

June '25 Jun '25 $302,500
May '25 May '25 $324,900
April '25 Apr '25 $300,800
March '25 Mar '25 $216,757
February '25 Feb '25 $317,500
January '25 Jan '25 $372,000
December '24 Dec '24 $281,500
November '24 Nov '24 $315,000
October '24 Oct '24 $280,000
September '24 Sep '24 $282,500
August '24 Aug '24 $318,125
July '24 Jul '24 $280,000

Median Down Payment i

$16,000

(Jun 2025)

-16%

year-over-year

y-o-y

June '25 Jun '25 $16,000
May '25 May '25 $43,600
April '25 Apr '25 $46,650
March '25 Mar '25 $27,350
February '25 Feb '25 $63,000
January '25 Jan '25 $33,640
December '24 Dec '24 $27,000
November '24 Nov '24 $50,000
October '24 Oct '24 $28,687
September '24 Sep '24 $25,077
August '24 Aug '24 $44,600
July '24 Jul '24 $35,300

Number of Homes Sold i

22

(Jun 2025)

-24.1%

year-over-year

y-o-y

June '25 Jun '25 22
May '25 May '25 23
April '25 Apr '25 20
March '25 Mar '25 18
February '25 Feb '25 11
January '25 Jan '25 13
December '24 Dec '24 24
November '24 Nov '24 24
October '24 Oct '24 28
September '24 Sep '24 28
August '24 Aug '24 25
July '24 Jul '24 30

Number of Purchase Loans i

15

(Jun 2025)

-25%

year-over-year

y-o-y

June '25 Jun '25 15
May '25 May '25 16
April '25 Apr '25 18
March '25 Mar '25 15
February '25 Feb '25 6
January '25 Jan '25 10
December '24 Dec '24 21
November '24 Nov '24 19
October '24 Oct '24 21
September '24 Sep '24 19
August '24 Aug '24 14
July '24 Jul '24 19

Number of REFI Loans i

13

(Jun 2025)

+30%

year-over-year

y-o-y

June '25 Jun '25 13
May '25 May '25 13
April '25 Apr '25 21
March '25 Mar '25 12
February '25 Feb '25 12
January '25 Jan '25 9
December '24 Dec '24 8
November '24 Nov '24 15
October '24 Oct '24 16
September '24 Sep '24 19
August '24 Aug '24 18
July '24 Jul '24 9

Number of HELOC Loans i

8

(Jun 2025)

-33.3%

year-over-year

y-o-y

June '25 Jun '25 8
May '25 May '25 17
April '25 Apr '25 10
March '25 Mar '25 11
February '25 Feb '25 6
January '25 Jan '25 7
December '24 Dec '24 10
November '24 Nov '24 11
October '24 Oct '24 16
September '24 Sep '24 15
August '24 Aug '24 13
July '24 Jul '24 9

Erie, PA 16506 Real Estate Market Overview

Last 30 days

Street
Street
Street

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4
5

Erie, PA 16506 Foreclosure Activity

Total Foreclosure Filings i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 1
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 2
October '24 Oct '24 1
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 1
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 1
November '24 Nov '24 N/A
October '24 Oct '24 1
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

Nearby Zip Codes

1. 16501
2. 16502
3. 16503
4. 16504
5. 16505
6. 16507

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