Erie, PA metro area Housing Market Brief
metro · as of May 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 Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
Erie, PA metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $229K | ▲ +14.4% |
| Median Days on Market | 15 days | ▲ +87.5% |
| Months of Supply | 1.2 | ▼ -25% |
| Homes for Sale | 230 | ▼ -23.6% |
| Homes Sold | 190 | ▲ +2.7% |
| Median Price / Sq Ft | $157 | ▲ +9.7% |
| Sale-to-List Ratio | 99.9% | ▲ +0.6% |
How has Erie, PA metro area’s Alpha Score moved?
Markets like Erie, PA metro area
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- Fort Wayne, IN metro areametro56
- Fond du Lac, WI metro areametro59
- Fort Payne, AL metro areametro56
- Monroe, MI metro areametro55
- Warsaw, IN metro areametro61
- Cedar Rapids, IA metro areametro56
- Indiana, PA metro areametro61
Frequently asked questions
Is Erie, PA metro area a buyer's or seller's market?
As of May 2026, Erie, PA metro area is classified as a Balanced Market, based on its Alpha Score of 59 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 66 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 Inventory Health (68/100) and its weakest is Rental Yield (43/100). 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.