Erie, IL Market Trends

Last updated November 15, 2026

The median home price in Erie is $147,000, down 30.8% year-over-year. Median price per square foot is down 27.2% at $91/sq. ft. Homes are selling in 117 days on average, compared to 22 days last year. As of November 15, 2026, there are 8 active listings on the market, with 1 new listing in the last 7 days.

Median home price

$147K

30.8% YoY

YoY price change

-30.8%

-$65,450

Days on market

117

+95 days YoY

Active homes

8

0% YoY

Market trends and statistics

Median list price

$147,000

30.8% YoY

Inventory

8

0% YoY

Price per SqFt

$91

27.2% YoY

Days on market

117 days

431.8% YoY

Home size

1,627 sqft

24.9% YoY

Compare nearby cities

City	Median price	YoY change	$/Sqft	Days on market	Active homes
Erie	$147,000	-30.8%	$91	117	8
Newton	$314,250	+60.4%	$100	232	2
Hillsdale	$236,950	+47.2%	$213	102	2
Fenton	$189,900	-59.2%	$105	11	1
Prophetstown	$184,500	+1.4%	$136	61	14
Loraine	$120,500	-13.9%	$76	30	2

Education in Erie, IL

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Erie Community Unit School District 1

Erie Community Unit School District 1 has 1 high school, 1 middle school, and 2 elementary schools. It has an overall average GreatSchools rating of 8/10.

8/10

Erie Elementary School

Grades PK, K-4

See zoned homes

7/10

Erie Middle School

Grades 5-8

See zoned homes

Data provided by GreatSchools.