PA · Metro #27

Pittsburgh - PA housing market

The Pittsburgh metro has a typical home value of $231,356, up 0.8% from a year ago. Homes are moving fast at 9 days on market - a strong seller's market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$231,356
+0.8% vs. year ago
Median sale price
$231,601
+3.8% YoY
Median list price
$250,000
Sale-to-list ratio
97.4%
Selling below ask
Days on market
9d
Listings w/ price cut
23.0%
New listings / mo
2,780
+8.0% YoY
Homes for sale
7,044
+10.5% YoY
Typical rent
$1,527/mo
+4.0% YoY
Context

How to read this data

The typical home value ($231,356) is the Zillow Home Value Index for the Pittsburgh - PA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.8% over the past year. In Pittsburgh - PA, that means a home worth $229,520 last year is now worth roughly $231,356.

The median sale price , what homes actually close for , is $231,601. Homes are selling at 97.4% of list price, meaning buyers have room to negotiate.

Homes listed in Pittsburgh - PA sit on the market for roughly 9 days before going pending. Shorter = seller's market; longer = buyer's market.

About 23.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,780 new listings hit the market each month in Pittsburgh - PA. There are currently 7,044 homes for sale, up 10.5% from a year ago.

The typical monthly rent in Pittsburgh - PA is $1,527, up 4.0% year over year. For investors, the price-to-rent ratio here is roughly 13x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in PA

MetroHome value1-yr changeDays on market
Philadelphia - PA$390,463 +2.5% 9.0d
Allentown - PA$363,989 +3.0% 8.0d
Harrisburg - PA$312,126 +3.5% 7.0d
Scranton - PA$227,793 +1.0% 14.0d
Lancaster - PA$388,207 +4.6% 5.0d
York - PA$309,967 +3.6% 6.0d
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