Erie, PA 16506 Real Estate & Property Data

Erie, PA 16506 Real Estate Market Trends
Last Updated: April 28, 2024

A total of 237 residential properties have been sold over the past 12 months in 16506. With a median sales price of $330,000 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
Total Residential Properties 8,038
Total Commercial Properties 636
Avg. Home Age (Single Family Home) 51 Years
Avg. Square Feet (Single Family Home) 1,859
Total 2024 Residential Sales (year-to-date) 20
% of Homes Seriously Underwater (Q2 2024) 0.53%
Total 2023 Residential Sales 226
% of Equity Rich Homes (Q2 2024) 49.63%
Effective 2023 Property Tax 1.47%
Total Foreclosure Filings (year-to-date) 2
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Erie, PA 16506 Real Estate Overview

There were 237 residential properties sold in the past year in Erie, PA 16506. The median home value in Erie, PA 16506 is $247,750. There are a total of 8,038 residential properties in the 16506.

Median Sales Price i
$330,000
(Feb 2024)
+13.8%
year-over-year
y-o-y
  • February '24 Feb '24 $330,000
  • January '24 Jan '24 $283,250
  • December '23 Dec '23 $225,000
  • November '23 Nov '23 $217,000
  • October '23 Oct '23 $336,000
  • September '23 Sep '23 $309,950
  • August '23 Aug '23 $215,000
  • July '23 Jul '23 $237,500
  • June '23 Jun '23 $252,500
  • May '23 May '23 $282,500
  • April '23 Apr '23 $350,000
  • March '23 Mar '23 $223,000
Median Down Payment i
$64,867
(Feb 2024)
-36.1%
year-over-year
y-o-y
  • February '24 Feb '24 $64,867
  • January '24 Jan '24 $14,172
  • December '23 Dec '23 $6,500
  • November '23 Nov '23 $45,000
  • October '23 Oct '23 $93,500
  • September '23 Sep '23 $42,575
  • August '23 Aug '23 $8,850
  • July '23 Jul '23 $52,000
  • June '23 Jun '23 $33,725
  • May '23 May '23 $31,754
  • April '23 Apr '23 $52,500
  • March '23 Mar '23 $32,234
Number of Homes Sold i
14
(Feb 2024)
+55.6%
year-over-year
y-o-y
  • February '24 Feb '24 14
  • January '24 Jan '24 6
  • December '23 Dec '23 9
  • November '23 Nov '23 19
  • October '23 Oct '23 23
  • September '23 Sep '23 19
  • August '23 Aug '23 31
  • July '23 Jul '23 23
  • June '23 Jun '23 29
  • May '23 May '23 19
  • April '23 Apr '23 15
  • March '23 Mar '23 21
Number of Purchase Loans i
10
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 10
  • January '24 Jan '24 3
  • December '23 Dec '23 6
  • November '23 Nov '23 15
  • October '23 Oct '23 16
  • September '23 Sep '23 13
  • August '23 Aug '23 21
  • July '23 Jul '23 19
  • June '23 Jun '23 20
  • May '23 May '23 16
  • April '23 Apr '23 7
  • March '23 Mar '23 13
Number of REFI Loans i
11
(Feb 2024)
year-over-year
y-o-y
  • February '24 Feb '24 11
  • January '24 Jan '24 12
  • December '23 Dec '23 11
  • November '23 Nov '23 6
  • October '23 Oct '23 16
  • September '23 Sep '23 17
  • August '23 Aug '23 13
  • July '23 Jul '23 11
  • June '23 Jun '23 18
  • May '23 May '23 14
  • April '23 Apr '23 17
  • March '23 Mar '23 11
Number of HELOC Loans i
6
(Feb 2024)
-53.8%
year-over-year
y-o-y
  • February '24 Feb '24 6
  • January '24 Jan '24 5
  • December '23 Dec '23 11
  • November '23 Nov '23 4
  • October '23 Oct '23 9
  • September '23 Sep '23 5
  • August '23 Aug '23 8
  • July '23 Jul '23 13
  • June '23 Jun '23 11
  • May '23 May '23 8
  • April '23 Apr '23 13
  • March '23 Mar '23 12

Erie, PA 16506 Foreclosure Activity

Total Foreclosure Filings i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 2
  • December '23 Dec '23 N/A
  • November '23 Nov '23 1
  • October '23 Oct '23 N/A
  • September '23 Sep '23 2
  • August '23 Aug '23 1
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 2
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 1
  • March '23 Mar '23 1
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