PA · Metro #27

Pittsburgh - PA housing market

The Pittsburgh metro has a typical home value of $235,539, up 0.6% from a year ago. Homes are moving fast at 9 days on market, a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$235,539
+0.6% vs. year ago
Median sale price
$235,536
+5.2% YoY
Median list price
$254,667
Sale-to-list ratio
98.1%
Selling below ask
Days on market
9d
Listings w/ price cut
24.9%
New listings / mo
2,971
+10.9% YoY
Homes for sale
7,542
+11.5% YoY
Typical rent
$1,523/mo
+3.6% YoY
Context

How to read this data

The typical home value ($235,539) 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 0.6% over the past year. In Pittsburgh - PA, that means a home worth $234,134 last year is now worth roughly $235,539.

The median sale price , what homes actually close for , is $235,536. Homes are selling at 98.1% 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 24.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,971 new listings hit the market each month in Pittsburgh - PA. There are currently 7,542 homes for sale, up 11.5% from a year ago.

The typical monthly rent in Pittsburgh - PA is $1,523, up 3.6% 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$394,762 +2.5% 10.0d
Allentown - PA$370,184 +3.2% 8.0d
Harrisburg - PA$314,931 +3.3% 7.0d
Scranton - PA$236,367 +1.4% 13.0d
Lancaster - PA$392,781 +4.7% 5.0d
York - PA$313,193 +3.3% 6.0d
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