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Featured local agent — Penn State Erie (Behrend), PA
Sarah Mitchell
Compass Real Estate · Penn State Erie (Behrend), PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Penn State Erie (Behrend), PA Housing Market
The last median sale price Redfin published was $188,440 (through May 2026). With homes going under contract in about 4 days, Penn State Erie (Behrend) is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $188,440 home is about $1,006/mo in principal and interest.
Key numbers for Penn State Erie (Behrend), PA
Median sale price
$188,440
Last published period
Redfin, through November 2025
Days on market
4
Fast-moving
Redfin, through November 2025
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
94.3%
Selling below asking
Redfin, through November 2025
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Penn State Erie (Behrend) a buyer's or seller's market?
Penn State Erie (Behrend), PA is a balanced market and homes selling in about 4 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Penn State Erie (Behrend) housing market data show?
Every row below is Redfin's final published month for Penn State Erie (Behrend), PA. Redfin, through November 2025
| Metric | Value |
|---|---|
| Median sale price | $188,440 |
| Median price per sq ft | $139/sq ft |
| Median days on market | 4 days |
| Sale-to-list price ratio | 94.3% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Penn State Erie (Behrend) is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Penn State Erie (Behrend) is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Penn State Erie (Behrend) home prices moved?
We hold fewer than three months of sale history for Penn State Erie (Behrend), PA, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Penn State Erie (Behrend)?
Priced off the median sale price of $188,440 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $37,688 | $150,752 | $1,006/mo |
| 5% | $9,422 | $179,018 | $1,195/mo |
Redfin, through November 2025 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,006, that implies roughly $43,114 a year before you add taxes and insurance. We do not hold a Census income figure for Penn State Erie (Behrend), so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Penn State Erie (Behrend) in the next 12 months?
Tell us your timeline. We send the Penn State Erie (Behrend) market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Penn State Erie (Behrend)?
Zillow does not publish a rent index (ZORI) for Penn State Erie (Behrend), PA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Penn State Erie (Behrend)?
We hold fewer than two months of inventory readings for Penn State Erie (Behrend), PA, so there is no trend to report yet.
How does Penn State Erie (Behrend) compare to Pennsylvania and the U.S.?
Penn State Erie (Behrend) homes sell for $188,440 — 43% below the Pennsylvania median of $330,200. Against the national median of $410,700, Penn State Erie (Behrend) runs 54% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Penn State Erie (Behrend), PA | $188,440 | not published | 4 days |
| Pennsylvania statewide | $330,200 | +5.3% | 30 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through November 2025 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Penn State Erie (Behrend)
What buyers should watch
- The gap between 5% and 20% down here is $189 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $188,440 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Penn State Erie (Behrend) listing goes under contract in 4 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 94.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Penn State Erie (Behrend) varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Penn State Erie (Behrend)
Explore homes currently listed for sale in Penn State Erie (Behrend), Pennsylvania across major real estate platforms.
How much do homes cost in Penn State Erie (Behrend) by property type?
How the Penn State Erie (Behrend), PA market breaks down across single-family homes, condos and townhouses. Redfin, through November 2025
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $188,440 | $139/sq ft | 1 | 4 days |
Which cities are near Penn State Erie (Behrend), PA?
Ordered by distance from Penn State Erie (Behrend), not by size. Compare Penn State Erie (Behrend) side by side with any of them.
Penn State Erie (Behrend) housing market FAQ
Is Penn State Erie (Behrend) a buyer's or seller's market?
Penn State Erie (Behrend), PA is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Penn State Erie (Behrend)?
The median sale price in the last month Redfin published was $188,440, about $139 per square foot.
Is Penn State Erie (Behrend) cheaper than the rest of Pennsylvania?
Penn State Erie (Behrend)'s median sale price of $188,440 is 43% lower than the Pennsylvania statewide median of $330,200, and 54% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Penn State Erie (Behrend)?
Homes in Penn State Erie (Behrend), PA spent a median of 4 days on market before going under contract, versus 30 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Penn State Erie (Behrend)?
At the current 30-year fixed rate of 7.03%, 20% down on a $188,440 home is about $1,006 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $43,114 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Penn State Erie (Behrend)?
We do not hold a complete 12-month value series for Penn State Erie (Behrend), PA yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Penn State Erie (Behrend)?
Penn State Erie (Behrend) ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Penn State Erie (Behrend)?
That depends on your timeline, not on a headline. What the data says today: Penn State Erie (Behrend), PA is a balanced market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $188,440, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.