Housing Prices in Erie, MI
How much do homes in Erie, MI cost?
Median List Price
$179,900
$138/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Erie has decreased by 6.5% since last year.
Summary: The median home list price in Erie was $179,900 in May 2024, down 6.5% from the previous year, and the median price per square foot was $138.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.9K | $157.4K | +294.5% |
| 2 Bedrooms | $149.9K | $140K | -6.6% |
| 3 Bedrooms | $193.5K | $192.4K | -0.5% |
| 4 Bedrooms | $252.4K | $234.9K | -6.9% |
| 5+ Bedrooms | $181.7K | - | N/A |
Summary: Erie housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 294.5%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Luna Pier | $164K | $165K | +0.6% |
| Temperance | $249.9K | $249.9K | 0.0% |
| Washington Township | $174.9K | $169.9K | -2.9% |
| Erie | $192.5K | $179.9K | -6.5% |
| Erie Township | $191.2K | $175K | -8.5% |
Housing Supply in Erie, MI
How many homes are available in Erie, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Summary: The Erie real estate market had 11 homes for sale in May 2024, a 120.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Erie housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Erie, MI
How long does it take to sell a home in Erie, MI?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 76 Days | 46 Days | -39.3% |
Summary: Homes in Erie had an average listing age of 46 days in May 2024, down by 39.3% compared to the previous year.
