ZIP 16508 (Erie, PA) Housing Market & Real Estate Update (Feb 21, 2026)
16508 – February 21, 2026 – Erie’s 16508 market stays competitive this winter: Jan sales ran ~$168K median, and active listings cluster near ~$170K.
ZIP 16508 (Erie, Pennsylvania) is still reading as a competitive winter market, but the story depends on whether you look at closed sales (what actually sold) or active listings (what is for sale right now).
Top takeaways
- Closed-sale pricing is higher year over year: Redfin shows a January 2026 median sale price of about $168K (+8.2% YoY).
- Homes are still moving fairly quickly on the closed-sale view: Redfin shows a 16-day median days-on-market in its latest month.
- List-side pricing is in a similar band: Realtor.com’s ZIP overview shows a roughly $169.9K median listing price (reporting period shown: Oct 2025).
- Rates remain the swing factor: Redfin/Rocket Mortgage shows a 30-year fixed around 6.375% interest (6.651% APR) as of Feb 20, 2026.
Market snapshot (latest available)
Closed sales (Redfin, Jan 2026): Median sale price sits around $168,200, with 48 homes sold and a 16-day median time on market. That combination usually means buyers need to be ready to act on well-priced, financeable homes, even in winter.
Modeled values + inventory (Zillow, data through Jan 31, 2026): Zillow’s typical home value metric for 16508 is about $156,446 (+4.8% over the past year) and it shows end-of-month for-sale inventory around 38 homes.
What’s for sale nearby (no addresses)
A quick scan of Redfin’s active feed for 16508 shows the current mix spanning entry-level to higher-end. A few examples to illustrate today’s range:
- About $120K–$130K for an updated 3-bed/1-bath older home (often where inspection items and insurance requirements matter most).
- About $175K–$180K for a move-in-ready 2–3 bed home with recent system notes (furnace/drainage, basement finishes, etc.).
- About $390K (and up) for larger 4-bed options with bigger yards/garage features, where buyers tend to scrutinize layout and ongoing maintenance costs.
Rentals pulse
On the rental side, Realtor.com’s 16508 overview shows a median rent around $975 (reporting period shown: Oct 2025). If you are comparing rent vs. buy, the practical question is whether the home you want needs major repairs (roof, electrical, moisture) that would erase the advantage of a similar monthly payment.
ServiceXTC local pros
Today’s directory check did not surface 3–5 verified ServiceXTC provider pages clearly tagged to ZIP 16508 that I can list without guessing. If you tell me the specific project (inspection, roof, HVAC, electrical, remodel) and the part of Erie you’re targeting, I can tailor a short due-diligence checklist for getting quotes and comparing bids.
Sources
- Redfin ZIP 16508 housing market trends (Jan 2026 closed-sale stats)
- Redfin ZIP 16508 homes-for-sale feed (active listings mix)
- Zillow ZIP 16508 home values and inventory snapshot (data through Jan 31, 2026)
- Realtor.com ZIP 16508 overview (listing-side metrics and rent snapshot)
- Redfin: today’s mortgage rates (Rocket Mortgage rate table)
Locals in 16508: are you seeing more price cuts lately, or are the best-kept homes still going pending fast?