ZIP 16427 housing market
Data through Jan 2026 · Seller's market · leverage 9
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Buyer Leverage Score
9
Jul 2023
Days on Market
7 days
Aug 2024
Price Cut %
0.0%
Aug 2024
Sale-to-List Ratio
102.3%
Aug 2023
Expected Disaster Loss
$69
Dec 2025
What this means
- Supply. There are 0% more homes for sale than the 2017-19 norm, so buyers have more to choose from than before the pandemic.
- Negotiating. Buyer leverage is low (9/100; U.S.: 54) (as of Jul 2023): homes typically sell at or above asking (102.3% of list) (as of Aug 2023); 0% of listings had a price cut (U.S.: 26%) (as of Aug 2024).
- Disaster risk. FEMA expects about $69 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in Erie County, PA
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Erie, PA 16509 | $275.1K | +5.9% | 9 |
| Erie, PA 16510 | $211.7K | +6.1% | 13 |
| Erie, PA 16506 | $296K | +4.7% | 6 |
| Erie, PA 16502 | $131.8K | +5.2% | 8 |
| Erie, PA 16504 | $158.1K | +5.2% | 9 |
| Erie, PA 16503 | $69.2K | +2.2% | 40 |
| Erie, PA 16505 | $260.3K | +4.6% | 10 |
| Erie, PA 16508 | $172.9K | +5.5% | 3 |
| North East, PA 16428 | $267.7K | +6.9% | 13 |
| Erie, PA 16511 | $210.3K | +6.5% | 2 |
| Corry, PA 16407 | $161K | +1.7% | 21 |
| Fairview, PA 16415 | $382.5K | +5.3% | 12 |
| Edinboro, PA 16412 | $300.1K | +6.6% | 17 |
| Waterford, PA 16441 | $314.2K | +7.5% | 29 |
| Girard, PA 16417 | $232.9K | +4.3% | 24 |
| Erie, PA 16507 | $103.7K | +5.9% | 55 |
| Union City, PA 16438 | $167.4K | −1.3% | 16 |
| Lake City, PA 16423 | $213.9K | +4.0% | 8 |
| Albion, PA 16401 | $208.2K | +9.0% | 15 |
| Mc Kean, PA 16426 | $309.5K | +5.9% | 13 |
| Wattsburg, PA 16442 | $273.7K | +7.5% | 44 |
| Harborcreek, PA 16421 | $260.7K | +6.4% | 14 |
| ZIP 16475 | – | – | – |
| Erie, PA 16501 | – | – | 52 |
| Cranesville, PA 16410 | $245.9K | +6.5% | 4 |
| ZIP 16563 | – | – | – |
| East Springfield, PA 16411 | $203.3K | +2.7% | 25 |
| West Springfield, PA 16443 | $227K | +5.8% | 15 |
| Edinboro, PA 16444 | – | – | – |
| ZIP 16546 | – | – | – |
| North Springfield, PA 16430 | $202.5K | +3.4% | 2 |
| ZIP 16550 | – | – | – |