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Erie, PA 16508 Real Estate & Property Data

Erie, PA 16508 Real Estate Market Trends

Last Updated: September 20, 2025

A total of 280 residential properties have been sold over the past 12 months in 16508. With a median sales price of $180,000 in 16508 and a total of 4 foreclosures in Erie, PA 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

Get property data for any address in Erie, PA 16508 or the country:

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) 145

% 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) 15

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Erie, PA 16508 Real Estate Overview

There were 280 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

$180,000

(Jul 2025)

+27.2%

year-over-year

y-o-y

July '25 Jul '25 $180,000
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

Median Down Payment i

$10,850

(Jul 2025)

+47.4%

year-over-year

y-o-y

July '25 Jul '25 $10,850
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

Number of Homes Sold i

28

(Jul 2025)

+12%

year-over-year

y-o-y

July '25 Jul '25 28
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

Number of Purchase Loans i

17

(Jul 2025)

-10.5%

year-over-year

y-o-y

July '25 Jul '25 17
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

Number of REFI Loans i

11

(Jul 2025)

-21.4%

year-over-year

y-o-y

July '25 Jul '25 11
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

Number of HELOC Loans i

13

(Jul 2025)

+333.3%

year-over-year

y-o-y

July '25 Jul '25 13
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

Erie, PA 16508 Real Estate Market Overview

Last 30 days

Street
Street
Street

1
2
3

Erie, PA 16508 Foreclosure Activity

There were a total of 4 Erie, PA 16508 properties with a foreclosure filing in July 2025.

Total Foreclosure Filings i

4

(Jul 2025)

+100%

year-over-year

y-o-y

July '25 Jul '25 4
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

Completed Foreclosures (REOs) i

July '25 Jul '25 N/A
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

Nearby Zip Codes

1. 16501
2. 16502
3. 16503
4. 16504
5. 16505
6. 16506

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