PA · Metro #27

Pittsburgh - PA housing market

The Pittsburgh metro has a typical home value of $228,113, up 1.1% from a year ago. Homes are moving fast at 15 days on market - a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$228,113
+1.1% vs. year ago
Median sale price
$229,880
+4.5% YoY
Median list price
$243,333
Sale-to-list ratio
96.7%
Selling below ask
Days on market
15d
Listings w/ price cut
20.9%
New listings / mo
2,229
+3.9% YoY
Homes for sale
6,393
+8.1% YoY
Typical rent
$1,507/mo
+3.9% YoY
Context

How to read this data

The typical home value ($228,113) 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 1.1% over the past year. In Pittsburgh - PA, that means a home worth $225,631 last year is now worth roughly $228,113.

The median sale price , what homes actually close for , is $229,880. Homes are selling at 96.7% of list price, meaning buyers have room to negotiate.

Homes listed in Pittsburgh - PA sit on the market for roughly 15 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,229 new listings hit the market each month in Pittsburgh - PA. There are currently 6,393 homes for sale, up 8.1% from a year ago.

The typical monthly rent in Pittsburgh - PA is $1,507, up 3.9% 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$386,647 +2.6% 11.0d
Allentown - PA$360,509 +3.0% 10.0d
Harrisburg - PA$308,987 +3.6% 8.0d
Scranton - PA$223,921 +1.6% 17.0d
Lancaster - PA$385,243 +4.5% 5.0d
York - PA$307,295 +3.7% 7.0d
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