Inventory Grows, Pricing Holds Steady in Erie’s Midsummer Market
Erie Real Estate Market Snapshot
From July 14–20, 2025, the Erie real estate market remained active, with the average sales price at $795,877, average days on market at 28, and 279 active listings available—marking a significant year-over-year increase in inventory.
For comparison, active listings in July have risen steadily over the last several years:
- 2021: 66 listings
- 2023: 218 listings
- 2024: 300 listings
- 2025: 279 listings (down slightly from 2024 but still well above historical averages)
Pricing remains consistent, with this July’s average sales price of $795,877 just below 2023’s record of $826,189 but higher than last year’s $744,570. Homes are still moving quickly, with average days on market down to 28 from 40 in July 2024.
Weekly Activity Breakdown
Here’s what happened in the Erie real estate market last week:
- New Listings: 27
- Back on Market: 4
- Coming Soon: 1
- Active Listings: 279
- Price Reductions: 29
- Price Increases: 0
- Pending Listings: 28
- Sold Listings: 11
- Withdrawn Listings: 2
- Expired Listings: 3
With more price reductions than new contracts, sellers are clearly responding to market feedback, while buyers are proceeding selectively.
Erie Real Estate Market Trends
Inventory Remains Elevated
Erie’s active inventory remains strong, with 279 homes on the market. While slightly lower than July 2024, this level of availability still benefits buyers seeking variety and negotiation power.
Sales Prices Holding
The average sales price is stable and reflective of long-term appreciation. This month’s $795K+ average is still robust when compared with the same period in past years.
Quick Sales for Well-Priced Homes
Homes are averaging just 28 days on market, showing that competitively priced and well-presented properties are moving at a healthy pace.
Sellers Making Adjustments
With 29 price reductions and zero price increases, sellers are clearly attuned to buyer expectations and adjusting accordingly.
What It Means for Buyers and Sellers
For Buyers:
You’re seeing more homes on the market than in years past, and sellers are adjusting prices to meet current demand. If you’re ready to buy, there’s opportunity to find value—especially with a knowledgeable guide like John Grandt and the North Star Team at Compass.
For Sellers:
You’re still in a market with solid pricing and active buyers—but preparation and pricing strategy are more important than ever. Listings that stand out and are priced correctly are moving quickly. Partnering with the right real estate professional can make all the difference.
Ready to buy or sell in Erie? Reach out to John Grandt and the North Star Team at Compass for the experience and insight you need to succeed in today’s market.
How Can I Help You With Your Denver or Erie Real Estate Needs?
I am consistently among the top real estate agents in Denver and Erie and I strive to exceed client expectations.
You May Be Wondering… What is My Home Worth?
Do you wonder what your home is worth in the current market? Do you desire a specific Property Valuation Report that I routinely prepare for my clients? Please contact me.
If you are considering buying or selling, I would appreciate the opportunity to earn your business (or that of a friend you think I could help).
Visit www.northstarcompass.net. Phone: 720.351.8488, or [email protected]
John Grandt
Real Estate Professional | Team Lead
North Star Team at Compass
[email protected]
720.351.8488
