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Short Sale Listings in Erie, PA

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Erie, PA Foreclosures

How much do homes sell for in Erie, PA?
The average home price is currently $220,782.
In Erie, PA, how many homes are available?
There are currently 45 active home listings available in Erie.
What’s the average rental cost in Erie, PA?
The average rental price in Erie is $1,183.
What is the most expensive home in Erie?
The most expensive home sold in Erie had a price of $17,433,846.
What is currently the cheapest priced home in Erie, PA?
The cheapest home for sale in Erie is priced at $10,254.

Living in Erie, PA

Erie, PA is a picturesque city situated on the shores of Lake Erie, offering a unique blend of outdoor activities, cultural experiences, and community-oriented living. The city features beautiful parks, educational institutions, and a variety of shopping and dining options, making it an ideal place for families and outdoor enthusiasts. With a strong sense of community and ongoing revitalization efforts, Erie is an appealing destination for both residents and investors alike.

Current Market Conditions in Erie, PA

Erie’s real estate market has shown resilience, with a steady increase in home values over the past year. The demand for properties, especially in desirable neighborhoods close to the lake, has attracted both first-time buyers and investors. Buyers are looking for homes that offer both affordability and access to amenities, which has led to competitive bidding in some areas.

Current trends indicate a shift towards more buyers seeking larger homes with outdoor spaces as remote work continues to influence housing choices. Investors are taking notice of the potential for rental properties, especially near the waterfront and educational institutions.

Home Value Estimator For Erie, PA

There are currently 58,090 real estate properties in Erie, PA, with a median automated valuation model (AVM) price of $189,180.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Erie, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Erie, PA, is $220,782.00, with the most expensive house in Erie, PA, topping out at $17,433,846.00 and the cheapest home in Erie, PA, clocking in at $10,254.00. In other words, there’s something for every potential homebuyer or savvy investor in Erie, PA!

Rent Prices In Erie, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Erie, PA, is on a rollercoaster ride. The average rent price in Erie, PA, is $1,183.00. Indeed, when looking to rent in Erie, PA, you can expect to pay as little as $460.00 or as much as $3,200.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Erie, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Erie, PA Short Sale Listings

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