Comprehensive market data and analysis• Updated Dec 2025
17.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 8 | 15 | 38 |
| 1-2 acres | 1 | 1 | 1 | 5 |
| 2-5 acres | 1 | 1 | 1 | 7 |
| 5-10 acres | - | 1 | 2 | 4 |
| 10-20 acres | - | 1 | 1 | 2 |
| 20-50 acres | - | - | - | 2 |
| 50-100 acres | - | - | - | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 2 | 12 | 20 | 60 |
Acreage buckets
The median price for land in Erie, Pennsylvania is currently $73K per acre. For a typical parcel, the median sale price is $58K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $7K while premium lots reached $331K.
Erie, Pennsylvania is currently a strong buyer's market with 17.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 198.7% year-over-year.
Erie, Pennsylvania currently has 17.4 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Erie, Pennsylvania averages $182K per acre. The median price per acre is $73K, which may be more representative of typical transactions. Most parcels sold are around 20,310 sq ft.
The median land price in Erie, Pennsylvania stands at $58K. This translates to roughly $73K per acre for the typical parcel size. The average price is $115K, indicating some higher-priced properties pulling up the average.
The 3-month absorption rate in Erie, Pennsylvania is 5.8%. The 12-month rate is 6.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Erie, Pennsylvania is 5.8% (3-month basis), indicating slow demand. With appreciating values (+198.7% YoY), the market shows growth potential. The top-performing broker in this market is Agresti Real Estate.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
