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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 April 2026?
Over the past month, Erie has experienced a slight increase in home prices as demand continues to grow in the local real estate market. With supply levels stabilizing, real estate professionals are seeing a flurry of activity, particularly among first-time homebuyers and those searching for vacation homes. Additionally, listings are spending less time on the market, indicating a strong interest from buyers. The city's qualities, including community engagement and lifestyle amenities, have solidified its position as an appealing destination for home investment.
How much do homes sell for in Erie, PA?
The average home price is currently $236,692.
In Erie, PA, how many homes are available?
There are currently 7 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 $208,625,648.
What is currently the cheapest priced home in Erie, PA?
The cheapest home for sale in Erie is priced at $10,100.

Living in Erie, PA

Erie, PA, is a picturesque city on the shores of Lake Erie that offers a blend of recreational activities, a strong sense of community, and a reasonable cost of living. Known for its beautiful parks and cultural attractions, it is an ideal place for families and outdoor enthusiasts alike. The real estate market here is diverse, catering to various budgets and preferences.

Buyer vs Seller Market in Erie, PA

The real estate market in Erie has shown steady growth with an increase in demand for residential properties. Homebuyers are attracted by the reasonable affordability compared to national averages, prompting a gradual rise in home prices. As more people discover Erie’s charm, it is expected that the demand will continue to keep the market dynamic.

In the past few months, Erie has witnessed a slight uptick in home sales, indicating a positive trend in buyer interest. The inventory level has remained relatively stable, which is contributing to a balanced market. Recent investments in local infrastructure are further enhancing the attractiveness of the area.

Home Value Estimator For Erie, PA

There are currently 61,055 real estate properties in Erie, PA, with a median automated valuation model (AVM) price of $180,872.00. 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 $236,692.00, with the most expensive house in Erie, PA, topping out at $208,625,648.00 and the cheapest home in Erie, PA, clocking in at $10,100.00. 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: 7

Market Values:

Home Prices from $10,100 to $208,625,648

Average Sales Price: $236,692

Rental Values:

Rental from $460 to $3,200

Average Rent Value: $1,183 / month

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