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Foreclosure Homes in Erie, PA

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Erie, PA Foreclosures

Current Market Conditions in in Erie, PA As of February 2026?
In the past month, the Erie housing market has continued to show signs of growth, with an increase in average home prices by about 2%. This upward trend is attributed to an influx of new residents seeking affordable housing options and enjoying the amenities that Erie offers. Additionally, homes that are correctly priced within the market range tend to receive multiple offers quickly, indicating a healthy level of buyer interest.
How much do homes sell for in Erie, PA?
The average home price is currently $241,182.
In Erie, PA, how many homes are available?
There are currently 253 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 $210,449,776.
What is currently the cheapest priced home in Erie, PA?
The cheapest home for sale in Erie is priced at $10,148.

Living in Erie, PA

Erie, PA, combines small-town charm with urban amenities, nestled right on the shores of Lake Erie. Known for its beautiful waterfront, community-driven lifestyle, and a variety of recreational activities, Erie offers a perfect balance for residents seeking both excitement and tranquility. Its rich cultural scene makes it an attractive place to call home.

Buyer vs Seller Market in Erie, PA

The real estate market in Erie has seen a steady increase in home values over the past year, driven by a growing demand for housing options close to the waterfront. As more buyers are drawn to the area due to its affordability and family-friendly environment, the number of homes for sale has decreased, creating a competitive market for buyers.

Currently, Erie is experiencing a seller's market, with home prices rising approximately 7% over the last year. The demand is particularly high for single-family homes and waterfront properties, which offer not only a beautiful lifestyle but also investment opportunities as the region becomes increasingly popular.

Home Value Estimator For Erie, PA

There are currently 61,056 real estate properties in Erie, PA, with a median automated valuation model (AVM) price of $185,837.00. 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 $241,182.00, with the most expensive house in Erie, PA, topping out at $210,449,776.00 and the cheapest home in Erie, PA, clocking in at $10,148.00. 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 Foreclosures


Market Trend for Erie, PA

Total Listings Available: 253

Market Values:

Home Prices from $10,148 to $210,449,776

Average Sales Price: $241,182

Rental Values:

Rental from $460 to $3,200

Average Rent Value: $1,183 / month

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