Erie, PA metro area Housing Market Brief
metro · as of July 2026
What is Erie, PA metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Erie, PA metro area in its market cycle?
Erie, PA metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Erie, PA metro area?
Our model forecasts Erie, PA metro area’s home prices to hold flat over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Erie, PA metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $229K | ▲ +14.4% |
| Median Days on Market | 29 days | ▼ -17.1% |
| Months of Supply | 1.2 | ▼ -25% |
| Homes for Sale | 230 | ▼ -23.6% |
| Homes Sold | 190 | ▲ +2.7% |
| Median Price / Sq Ft | $157 | ▲ +9.7% |
How has Erie, PA metro area’s Alpha Score moved?
Markets like Erie, PA metro area
- Indiana, PA metro areametro60
- Fond du Lac, WI metro areametro62
- Monroe, MI metro areametro58
- Beckley, WV metro areametro56
- Fort Wayne, IN metro areametro55
- Springfield, OH metro areametro55
- Wooster, OH metro areametro64
- Warsaw, IN metro areametro56
- Dubuque, IA metro areametro56
- New Castle, PA metro areametro60
Frequently asked questions
Is Erie, PA metro area a buyer's or seller's market?
As of July 2026, Erie, PA metro area is classified as a Balanced Market, based on its Alpha Score of 60 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Erie, PA metro area?
The median sale price in Erie, PA metro area is $229K, having risen 14.4% over the past year.
How affordable is Erie, PA metro area?
Erie, PA metro area scores 70 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Erie, PA metro area's Alpha Score?
Erie, PA metro area's strongest dimension is Affordability (70/100) and its weakest is Rental Yield (46/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Erie, PA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.