Erie, PA 16508 Real Estate & Property Data

Erie, PA 16508 Real Estate Market Trends
Last Updated: September 06, 2025

A total of 273 residential properties have been sold over the past 12 months in 16508. With a median sales price of $162,500 in 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 5,815
Total Commercial Properties 450
Avg. Home Age (Single Family Home) 85 Years
Avg. Square Feet (Single Family Home) 1,386
Total 2025 Residential Sales (year-to-date) 117
% of Homes Seriously Underwater (Q3 2025) 0.72%
Total 2024 Residential Sales 244
% of Equity Rich Homes (Q3 2025) 50.25%
Effective 2024 Property Tax 1.73%
Total Foreclosure Filings (year-to-date) 11
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Erie, PA 16508 Real Estate Overview

There were 273 residential properties sold in the past year in Erie, PA 16508. The median home value in Erie, PA 16508 is $166,349. There are a total of 5,815 residential properties in the 16508.

Median Sales Price i
$162,500
(Jun 2025)
+3.2%
year-over-year
y-o-y
  • June '25 Jun '25 $162,500
  • May '25 May '25 $187,500
  • April '25 Apr '25 $165,000
  • March '25 Mar '25 $159,900
  • 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 $156,000
  • July '24 Jul '24 $141,500
Median Down Payment i
$27,600
(Jun 2025)
+113.1%
year-over-year
y-o-y
  • June '25 Jun '25 $27,600
  • May '25 May '25 $12,503
  • April '25 Apr '25 $23,375
  • March '25 Mar '25 $10,100
  • 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
Number of Homes Sold i
22
(Jun 2025)
+4.8%
year-over-year
y-o-y
  • June '25 Jun '25 22
  • May '25 May '25 10
  • April '25 Apr '25 26
  • March '25 Mar '25 18
  • February '25 Feb '25 20
  • January '25 Jan '25 21
  • December '24 Dec '24 15
  • November '24 Nov '24 22
  • October '24 Oct '24 19
  • September '24 Sep '24 24
  • August '24 Aug '24 30
  • July '24 Jul '24 25
Number of Purchase Loans i
17
(Jun 2025)
+30.8%
year-over-year
y-o-y
  • June '25 Jun '25 17
  • May '25 May '25 8
  • April '25 Apr '25 18
  • March '25 Mar '25 9
  • 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 14
  • July '24 Jul '24 19
Number of REFI Loans i
5
(Jun 2025)
-50%
year-over-year
y-o-y
  • June '25 Jun '25 5
  • May '25 May '25 15
  • April '25 Apr '25 14
  • March '25 Mar '25 12
  • February '25 Feb '25 8
  • January '25 Jan '25 8
  • December '24 Dec '24 8
  • November '24 Nov '24 7
  • October '24 Oct '24 14
  • September '24 Sep '24 14
  • August '24 Aug '24 17
  • July '24 Jul '24 14
Number of HELOC Loans i
5
(Jun 2025)
-50%
year-over-year
y-o-y
  • June '25 Jun '25 5
  • May '25 May '25 7
  • April '25 Apr '25 5
  • March '25 Mar '25 4
  • 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

Erie, PA 16508 Foreclosure Activity

Total Foreclosure Filings i
  • June '25 Jun '25 N/A
  • May '25 May '25 1
  • April '25 Apr '25 1
  • March '25 Mar '25 4
  • 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
Completed Foreclosures (REOs) i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 1
  • 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
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