Housing in Erie, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$121,600
Median List Price
$64,000
Price Per Sq Ft
$85
Days on Market
19
Active Inventory
2
Months of Supply
2.0
Seller's market
Zillow Home Value
$167,396
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
100.0%
Sale-to-List Ratio
90.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$85
Median List $/SF
$49
Erie vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Erie is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$147,300
Median Rent
$740
Total Housing Units
785
Vacancy Rate
4.6%
Owner Occupied
71.6%
Renter Occupied
28.4%
Median Property Tax
$2,297
per year
Monthly Cost (w/ Mortgage)
$858
Housing Types
The current median sale price in Erie, IL is $121,600 according to Redfin data. Homes spend a median of 19 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $85. The median rent is $740 per month (Census ACS). About 71.6% of housing units are owner-occupied. The median year homes were built is 1967. There are 785 total housing units.