Erie, PA 16508 Real Estate & Property Data

Erie, PA 16508 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 276 residential properties have been sold over the past 12 months in 16508. With a median sales price of $149,250 in 16508 and a total of 1 foreclosures in Erie, PA 16508. Discover market trends and get the granular level real estate data for Erie, PA 16508 to keep your pulse on the housing market. Curate compelling home reports for Erie, PA 16508 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Erie, PA 16508 Real Estate Market Trends
Total Residential Properties 5,822
Total Commercial Properties 453
Avg. Home Age (Single Family Home) 85 Years
Avg. Square Feet (Single Family Home) 1,386
Total 2025 Residential Sales (year-to-date) 40
% of Homes Seriously Underwater (Q2 2025) 0.61%
Total 2024 Residential Sales 247
% of Equity Rich Homes (Q2 2025) 50.04%
Effective 2024 Property Tax 1.8%
Total Foreclosure Filings (year-to-date) 5
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Erie, PA 16508 Real Estate Overview

There were 276 residential properties sold in the past year in Erie, PA 16508. The median home value in Erie, PA 16508 is $161,003. There are a total of 5,822 residential properties in the 16508.

Median Sales Price i
$149,250
(Feb 2025)
-5.5%
year-over-year
y-o-y
  • February '25 Feb '25 $149,250
  • January '25 Jan '25 $150,000
  • December '24 Dec '24 $168,450
  • November '24 Nov '24 $161,500
  • October '24 Oct '24 $128,500
  • September '24 Sep '24 $155,000
  • August '24 Aug '24 $157,000
  • July '24 Jul '24 $141,500
  • June '24 Jun '24 $155,000
  • May '24 May '24 $140,000
  • April '24 Apr '24 $167,000
  • March '24 Mar '24 $142,000
Median Down Payment i
$34,187
(Feb 2025)
+267.8%
year-over-year
y-o-y
  • February '25 Feb '25 $34,187
  • January '25 Jan '25 $30,000
  • December '24 Dec '24 $14,070
  • November '24 Nov '24 $21,725
  • October '24 Oct '24 $12,000
  • September '24 Sep '24 $8,750
  • August '24 Aug '24 $4,680
  • July '24 Jul '24 $7,360
  • June '24 Jun '24 $11,300
  • May '24 May '24 $10,487
  • April '24 Apr '24 $13,112
  • March '24 Mar '24 $13,500
Number of Homes Sold i
20
(Feb 2025)
+11.1%
year-over-year
y-o-y
  • February '25 Feb '25 20
  • January '25 Jan '25 20
  • December '24 Dec '24 15
  • November '24 Nov '24 22
  • October '24 Oct '24 19
  • September '24 Sep '24 24
  • August '24 Aug '24 32
  • July '24 Jul '24 25
  • June '24 Jun '24 20
  • May '24 May '24 23
  • April '24 Apr '24 18
  • March '24 Mar '24 20
Number of Purchase Loans i
10
(Feb 2025)
-23.1%
year-over-year
y-o-y
  • February '25 Feb '25 10
  • January '25 Jan '25 7
  • December '24 Dec '24 12
  • November '24 Nov '24 14
  • October '24 Oct '24 12
  • September '24 Sep '24 18
  • August '24 Aug '24 15
  • July '24 Jul '24 19
  • June '24 Jun '24 12
  • May '24 May '24 17
  • April '24 Apr '24 11
  • March '24 Mar '24 12
Number of REFI Loans i
8
(Feb 2025)
+14.3%
year-over-year
y-o-y
  • February '25 Feb '25 8
  • January '25 Jan '25 8
  • December '24 Dec '24 8
  • November '24 Nov '24 7
  • October '24 Oct '24 13
  • September '24 Sep '24 14
  • August '24 Aug '24 16
  • July '24 Jul '24 14
  • June '24 Jun '24 10
  • May '24 May '24 2
  • April '24 Apr '24 5
  • March '24 Mar '24 4
Number of HELOC Loans i
3
(Feb 2025)
-50%
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 1
  • December '24 Dec '24 5
  • November '24 Nov '24 5
  • October '24 Oct '24 6
  • September '24 Sep '24 6
  • August '24 Aug '24 1
  • July '24 Jul '24 3
  • June '24 Jun '24 10
  • May '24 May '24 6
  • April '24 Apr '24 N/A
  • March '24 Mar '24 6

Erie, PA 16508 Foreclosure Activity

There were a total of 1 Erie, PA 16508 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i
1
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 1
  • January '25 Jan '25 4
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 1
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
  • July '24 Jul '24 2
  • June '24 Jun '24 1
  • May '24 May '24 2
  • April '24 Apr '24 3
  • March '24 Mar '24 N/A
Completed Foreclosures (REOs) i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 1
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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