Updated May 2026 · Redfin · 3-month window
16508 Real Estate Market Update: Erie, PA, May 2026
The latest housing-market numbers for ZIP code 16508 in Erie, Pennsylvania, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $160K | • 0.0% | ▼ -3.0% |
| Days on market | 28 | ▼ -29.5% | ▲ +205.6% |
| Homes for sale | 16 | ▼ -5.9% | ▼ -23.8% |
| Sale-to-list | 99.9% | ▲ +1.5% | ▼ -0.6% |
| Homes sold | 43 | ▲ +59.3% | ▲ +16.2% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 16508 numbers say
The 16508 ZIP in Erie is cooling. The median sale price sits at $160,000, 3.0% below last year. Homes here move fast: a typical listing goes under contract in about 28 days, and sellers are getting 99.9% of list price.
Based on 43 recent sales, 16508 is currently an active market.
What this means if you sell in 16508
Use these figures to set expectations early. Lead a listing appointment with the median price and the 28-day pace, show the year-over-year direction, and frame 16508 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Erie post →Frequently asked: the 16508 housing market
- What is the median home price in ZIP 16508 (Erie, PA)?
- As of May 2026, the median sale price in ZIP 16508 is $160,000 (-3.0% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 16508 a buyer's or seller's market right now?
- ZIP 16508 is currently an active market, based on a 99.9% sale-to-list ratio, about 28 days on market for May 2026.
- How long do homes take to sell in ZIP 16508?
- A typical listing in 16508 goes under contract in about 28 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 16508 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.