Erie Metro Home Prices & Values

$113,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.5% 1-year change
  • 2.8% 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Erie Metro is $113,600. Erie Metro home values have gone up 4.5% over the past year and Zillow predicts they will rise 2.8% within the next year. The median price of homes currently listed in Erie Metro is $129,900. The median rent price in Erie Metro is $675, which is lower than the Pennsylvania median of $1,245.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Erie Metro is 4.4%, which is lower than the national value of 7.2%.

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Relative ZHVI
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Erie Metro Market Overview

Data through May 31, 2014
  • $113,600 ZHVI
  • 2.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $129,900 Median listing price
  • No data Median sale price
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Erie Metro Market Health

Data through May 31, 2014
  • 7.1/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 176 Average of days on Zillow (Apr 30, 2014)
  • No data Homes with negative equity (18.8% US Avg)
  • 4.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3.8 homes Pennsylvania
4.8 homes United States
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Cities in Erie Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Fairview Township $181,900 Summit Township $175,000 Millcreek Township $152,400
Northwest Harborcreek $145,500 North East Township $133,400 Edinboro $131,000
Girard Township $122,200 Erie $77,200 Corry $70,300

Listings & Sales

Data through May 31, 2014
  • $86 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 28.4% Listings with price cut
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Erie Metro Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,077 Erie Metro
$1,210 Pennsylvania
$1,310 United States
  • No data Breakeven horizon
  • $675 Rent list price
  • No data Rent list price / sq ft
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