Updated July 2026Zillowmonthly
16506 Real Estate Market Update: Erie, PA, July 2026
The latest housing-market numbers for ZIP code 16506 in Erie, Pennsylvania, for July 2026: a $279K median sale price, straight from Zillow Research. ZIP-level figures are monthly figures, smoothed over three months by Zillow.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $279K | ▼ -3.6% | n/a |
| Days to pending | 16 | • 0.0% | n/a |
| Homes for sale | 56 | ▲ +16.7% | ▲ +5.7% |
| Sale-to-list | 101.2% | ▲ +0.5% | n/a |
| New listings | 32 | ▲ +3.2% | • 0.0% |
Figures from Zillow Research (monthly figures, smoothed over three months by Zillow). Verify against your MLS before posting. Not a valuation for a specific home.
What the 16506 numbers say
The 16506 ZIP in Erie is leveling off. The median sale price is $279,029, roughly flat year over year. Homes here move fast: a typical listing goes under contract in about 16 days, and sellers are getting 101.2% of list price.
With 56 homes for sale and 32 new listings this month, 16506 is currently an active market.
What this means if you sell in 16506
Use these figures to set expectations early with each client. Lead a listing appointment with the $279K median price and the 16-day pace, show the year-over-year direction, and frame 16506 as an active market. A buyer or seller client trusts an agent who knows their exact ZIP, not just the metro average.
How we track the 16506 market
We built LOKAL to pull 16506's numbers straight from Zillow Research, so an agent and a client read from the same source. For July 2026 we recorded a $279K median sale price, a 101.2% sale-to-list ratio and a -3.6% month-over-month move with 56 homes for sale. We refresh every ZIP monthly from Zillow Research, which only publishes a smoothed median once a ZIP has enough transactions, so the median stays reliable instead of noisy. Both sources have published ZIP-level series for years, which is what lets us show month-over-month and year-over-year change here in 2026. LOKAL is independent and not affiliated with Zillow; always verify against your MLS before you publish.
ZIP-code areas follow U.S. Postal Service boundaries; for complementary demographics on 16506 (population, median household income, owner-occupancy), see the U.S. Census Bureau profile for this ZIP Code Tabulation Area. LOKAL covers price and pace; the Census covers who lives there.
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Build the 16506 post →Frequently asked: the 16506 housing market
- What is the median home price in ZIP 16506 (Erie, PA)?
- As of July 2026, the median sale price in ZIP 16506 is $279,029, per Zillow Research. Figures are monthly figures, smoothed over three months by Zillow for this ZIP code.
- Is ZIP 16506 a buyer's or seller's market right now?
- ZIP 16506 is currently an active market, based on a 101.2% sale-to-list ratio, about 16 days on market for July 2026.
- How long do homes take to sell in ZIP 16506?
- A typical listing in 16506 goes under contract in about 16 days as of July 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 16506 market data come from?
- All figures for 16506 come from Zillow Research: monthly figures, smoothed over three months by Zillow. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Zillow.
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Data from Zillow Research (ZIP-level market data, monthly figures, smoothed over three months by Zillow), not a valuation for a specific home.