Homes in Erie County sold for lower prices recently: See how much here

Newly released data from Realtor.com for May shows that potential buyers and sellers in Erie County saw houses sell for lower than the previous month's median sales price of $185,000.

The median home sold for $177,000, an analysis of data from Realtor.com shows. That means May, the most recent month for which figures are available, was down 4.3% from April.

Compared to May 2023, the median home sales price was up 18% at $177,000 compared to $150,000.

Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in up-to-date data. The statistics don't include homes currently listed for sale, and aren't directly comparable to listings data.

Information on your local housing market, along with other useful community data, is available at data.goerie.com .

Looking only at single-family homes, the $177,000 median selling price in Erie County was down 5.6% in May from $187,500 the month prior. Since May 2023, the sales price of single-family homes was up 18% from a median of $150,000.

One single family home sold for $1 million or more during the month, compared to one recorded transactions of at least $1 million in May 2023.

Condominiums and townhomes increased by 0.9% in sales price during May to a median of $160,000 from $158,500 in April. Compared to May 2023, the sales price of condominiums and townhomes was down 29.7% from $227,500. No condominiums or townhomes sold for at least $1 million or more during May.

In May, the number of recorded sales in Erie County dropped by 2.1% since May 2023 from 243 to 238. All residential home sales totaled to $51.9 million.

In Pennsylvania, homes sold at a median of $269,764 during May, up 5.1% from $256,581 in April. There were 12,210 recorded sales across the state during May, down 9.1% from 13,435 recorded sales in May 2023.

The total value of recorded residential home sales in Pennsylvania increased by 18.2% from $3.9 billion in April to $4.6 billion this May.

Out of all residential home sales in Pennsylvania, 4.44% of homes sold for at least $1 million in May, up from 3.35% in May 2023.

Sales prices of single-family homes across Pennsylvania increased by 3.8% from a median of $260,000 in April to $270,000 in May. Since May 2023, the sales price of single-family homes across the state was up 1.9% from $264,992.

Across the state, the sales price of condominiums and townhomes rose 6% from a median of $250,000 in April to $265,000 during May. The median sales price of condominiums and townhomes is up 6% from the median of $250,000 in May 2023.

The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com . Please leave any feedback or corrections for this story here . This story was written by Ozge Terzioglu.

This article originally appeared on Erie Times-News: Homes in Erie County sold for lower prices recently: See how much here