16505 Home Values & Market Trends

There are 16 homes currently listed for 16505. 16505 real estate market trends show that home prices range from $118,500 to $489,900, and the median sales price in the 16505 zip code is $212,024.64. The total number of properties sold within the past twelve months is 261. In 16505, 6 properties are in foreclosure, 0 are bank owned properties,and 6 are headed for auction.

16505 Real Estate Market Overview

CityMedian Est. Value
Erie

$ 164,900

$ 129/sqft

Housing Market Summary for 16505

Apr 2023March 2024Change
Median Listing Price$229.9K$207.8K-9.60%
Median Sold Price$197.8K$207.8K5.04%
Homes For Sale2315-34.78%
Homes Sold10912211.93%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 16505

The median list price of a home in Erie, is $212,024.64. A total of 16 properties are for sale, and the percentage of properties for sale in the zip code is 16.00%. The total count of 16505 properties is 6,689.

Foreclosure
There is 1 cities within 16505; within this cities, the median estimated home value for homes in foreclosure ranges from $503,553 in erie to the lowest value of $30,906 in erie. Foreclosure homes account for 0.00% of properties in 16505 with erie containing 75 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in 16505 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 16505; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 16505 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 16505. There is 1 cities within 16505; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    erie has 63 auction properties, the highest number of properties going to auction in a single city in the state of 16505. Auction homes and other auction properties account for 0.09% of all properties in 16505. There is 1 cities within 16505; of that cities, the median estimated home value for homes going to auction ranges from $503,553 in erie to the lowest value of $30,906 in erie.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.24% of residential properties in 16505 with erie containing 198 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 16505; homes for sale in that cities, have a range of median values from $1,331,439 in erie to the lowest value of $32,016 in erie.
    Sold Homes
    The median value for recently sold homes ranges from $1,058,906 in erie to the lowest price of $20,002 in erie. There is 1 cities within 16505. erie has 1194 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.21% of properties in 16505.

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      Guide for 16505

      Market Reports
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      RealtyTrac Market Report
      Pennsylvania
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Home Buying Guides & Tips
      Pennsylvania Foreclosure Laws
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      See More Articles
      Philadelphia Real Estate Market Sees Winter Downturn: 2023 Peak Gives Way to Softening Prices in 2024
      Market Reports|posted 28 February 2024

      Philadelphia saw fluctuations in property values, price per square foot, and number of homes sold for the last 12 months.

      RealtyTrac Market Report
      Philadelphia Property Market on the Rise: A Year of Price Gains and Evolving Buyer Challenges
      Pennsylvania|posted 7 December 2023

      Explore Philadelphia’s evolving property market in our latest blog post, where we analyze the notable trends in property values, cost per square foot, and the complexity of average sold prices within the city’s vibrant real estate landscape.

      Pennsylvania Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Pennsylvania Foreclosure Laws

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      Recently Listed Homes 16505

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